Net Profit Before Taxes
Definition - What does Net Profit Before Taxes mean?
Net profit before taxes is the legal designation in business accounting for the remainder of monies available after outgoings are subtracted from incoming monies for a business accounting period.
Justipedia explains Net Profit Before Taxes
The first determination that is made for businesses when money is brought in is what needs to be paid to keep business continuing. After those outgoings are assessed the remainder of funds will be classed as net income before taxes.
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