Learn what net income means for businesses and individuals, how it's calculated, and why it's a crucial financial metric.

The formula is: Discretionary income = total ... getting a side hustle, or bolstering investment income. They can potentially reduce taxes by taking advantage of incentives in the tax code ...

Financial metrics like earnings before interest, taxes, depreciation and amortization, or EBITDA, help investors determine a company's valuation and investment ... whereas net income is the ...