Net Profit

Net Profit means:
the amount of money earned after all expenses, including overhead, employee salaries, manufacturing costs, and advertising costs, have been deducted from the total revenue. Net profit or loss = gross profit less business expenses. If the expenses are less than income, the difference is net profit. If the expenses are more than income, the difference is a net loss.

See also other Tax Terms and Definitions in U.S.A.

net income.

U.S. and other Developed Countries International Tax Meaning

Difference between receipts from business transactions and deductible business expenses, subject to any adjustments for tax purposes.