Are net earnings and net income the same thing?

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Pineau 0 Comments

What is the difference between net earnings and net income? I suppose net income is the final figure I can see on the income statement. How is that different from the net earnings?

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score 0 · Answer 1 · 2012-12-02T15:41:57+00:00

In accounting terms, they are the same thing. Net earnings and the net income is the income minus all expenses incurred (including taxes). The net income also refers to the personal income available to us after taxes are deducted (gross income minus taxes).