Profit

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Profit

Most commonly, the gross proceeds of a business transaction less the costs of the transaction; i.e., net proceeds. Excess of revenues over expenses for a transaction; sometimes used synonymously with net income for the period. Gain realized from business or investment over and above expenditures.

Accession of good, valuable results, useful consequences, avail, or gain. The benefit, advantage, or pecuniary gain accruing to the owner or occupant of land from its actual use; as in the familiar phrase rents, issues and profits, or in the expression mesne profits.

West's Encyclopedia of American Law, edition 2. Copyright 2008 The Gale Group, Inc. All rights reserved.
References in periodicals archive ?
Note that all the analyses included in this paper exclude filers claimed as dependents, as well as filers with negative baseline after-tax incomes. After-tax income, as defined by Tax-Calculator and used in all analyses in this paper, is the sum of wage and salary income net of certain items (11) minus all federal tax liability (individual and payroll).
Caption: EVEN USING PROGRESSIVE TAXATION TO CLOSE THE DEFICIT WOULD LEAVE MOST PEOPLE WORSE OFF Percent Change in After-Tax Income, 2018,2025,2027
To depict the relationship between household economic resources and the risk of food insecurity, predicted probabilities of food insecurity were graphed in relation to after-tax income, after-rent income and total expenditure, while fixing the other variables at their observed values.
The top 1% of households received cuts averaging $41,077, which increased their after-tax income an average of 5%.
In June, Taiwan Mobile's consolidated revenue totaled US$179 million, net after-tax income of US$31 million, or NT$0.3 per share.
Factoring out $1.3 million in after-tax income from favorable state income tax audits in the most recent quarter, adjusted earnings moved up 2.2% to $51.3 million, or 89 cents per share.
For the six months ended June 30, after-tax income was USD707,000, or USD0.17 a share, compared to USD1.5m, or USD0.37 a share for the year-ago period.
Users can enter their after-tax income and "calculate" how much they would need to earn in another city to maintain their current standard of living.
It ranked third in India's private corporations in terms of after-tax income for the term ending in March 2006.
Thus, earning business income in a corporation and then paying out the after-tax income as a dividend to the shareholders resulted in more tax than if the income was earned by an individual directly.
These contributions would receive tax treatment much like Roth IRA contributions (i.e., they would be contributed from after-tax income but later, "qualifying distributions" of the contributions plus earnings would be completely tax-free).