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16-08-2017
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The amount of money remaining after deductions are taken out best describes which term?

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29-08-2017

The answer to this question is the term net income. A net income is the remaining money after deductions or expenses have been taken from the gross income. Net income is also known as net profit. Net income also states and calculates the total revenue that exceeds after all operational expenses and taxes been deducted.

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