Respuesta :
Net income is overstated.
The amount earned by an individual or business after costs, allowances, and taxes is referred to as net income. Net income in company is the amount that remains after all costs, such as salaries and wages, the cost of goods or raw materials, and taxes, have been paid.
Net income, in both business and accounting, is an entity's revenue less costs, depreciation and amortization, interest, and taxes for a certain accounting period.
Your gross income less any deductions made by your company or the government from your paycheck is your net income. Take-home pay is another term for net income. Your company will subtract federal, state, local, Social Security, and Medicare taxes while processing your paycheck.
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