Calculate the net income for jupiter inc. whose total revenue is $1,000,000, and total expenses, inclusive of taxes, is $500,000

Question

zheka24 [161]

3 years ago

14

Calculate the net income for jupiter inc. whose total revenue is $1,000,000, and total expenses, inclusive of taxes, is $500,000

.

Business

1 answer:

ikadub [295] · Answer 1 · 2022-05-30T06:24:13+03:00

ikadub [295]3 years ago

7 0

Net income is also called net profit. Its formula is: Net income= Total Revenue-Total expensesTotal revenue: 1,000,000Total expenses and taxes: 500,000Net income= 1,000,000-500,000Net income= $500,000