Although net income and adjusted gross income (AGI) are related, they differ; NI is the residual income after deductions and taxes, while AGI is calculated before these are deducted. Laura Porter / ...

Net income seems straightforward: It is the result when expenses (administrative expenses, business expenses, interest expenses, operating costs and other expenses) are subtracted from revenue. This ...

Income statements detail revenue, expenses, and net income from top to bottom. Reading starts with revenue, deducts expenses, and ends with net income. Subtotal figures help identify missing account ...