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27 July, 05:08

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

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  1. 27 July, 06:01
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    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
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