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Home > QFINANCE Dictionary > Definition of net salary

Definition of

net salary

Finance

earnings after all deductions have been made the salary remaining after deductions for taxes, social security, medicare, and any employee share of insurance premiums.

Related definitions of "net salary"

net salary - Related Articles
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    NET SALES750,000Less: cost of goods sold450,000Gross profit300,000LESS: OPERATING EXPENSESSelling expensesSalaries & commissions54,000Advertising37,500Delivery/transportation12,000Depreciation/store equipment7,500Other selling expenses5,000Total selling expenses116,000General & administrative expensesAdministrative/office salaries74,000Utilities2,500Depreciation/structure2,400Misc

  • Analyzing a Bank’s Financial Performance

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    Banks lend money and accept deposits, invest excess funds, generate fee income, and pay bills. On the face of it, and through a quick perusal of a bank’s income statement, the concept appears straightforward enough—generate a healthy net interest income and enough noninterest income to cover all
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  • Valuing Pension Fund Liabilities on the Balance Sheet

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    they will be determined by a number of variables, including the benefits that employees are entitled to (which will change as their salary and employment status change), the prior contributions made by the employer (and the returns they have earned), the expected retirement date of employees, and the rate of return
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  • Preparing Financial Statements: Profit and Loss Accounts (P&Ls)

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    A profit and loss account, also known as an income statement or a statement of revenue and expense, is a financial statement that indicates how revenue (money received from the sale of products and services before expenses are taken out) is transformed into net income (the result after all revenues

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Definitions of ’net salary’ and meaning of ’net salary’ are from the book publication, QFINANCE – The Ultimate Resource, © 2009 Bloomsbury Information Ltd. Find definitions for ’net salary’ and other financial terms with our online QFINANCE Financial Dictionary.

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