The excess of gross profit over operating expenses; taxable income.
{"Image DocumentName": "The excess of gross profit over operating expenses; taxable income.", "Image ImageDescription": "The Income Statement. Section The Income Statement. The federal corporate income tax amount is presented separately on the income statement so the income statement shows the amount of operating income. operating income. The excess of gross profit over operating expenses; taxable income. Home. Glencoe Accounting.", "Image XResolution": "37", "Image YResolution": "37", "Image ResolutionUnit": "Pixels/Centimeter", "Image Software": "SlidePlayer", "Image YCbCrPositioning": "Centered"}