Net Income

Noun: The satisfaction received after making a shot in basketball

Person 1: "Woah, Mike is playing really well tonight"
Person 2: "Yeah, he must be getting a ton of net income!"

Defender: "Let me guard Mike, I'm gonna tax his net income"

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net annual income

Gross income is the amount you earn before taxes and other payroll deductions. Net income is your take-home pay after taxes and other payroll deductions. Your net income, the amount on your paycheck, is what's used to make your budget. This will provide you with your NET ANNUAL INCOME.

My net annual income is $1400.