It is the end of December, and Juan, the owner of a small sporting goods business, is paying the last few expenses for the year. Once all the expenses are paid, the money that is left over will be Juan’s profit and is also referred to as:

(1 point)
Responses

net income.

net income.

variable income.

variable income.

retention income.

retention income.

division income.

1 answer

The money that is left over after all expenses are paid is referred to as net income.