1. TASK: Insert the appropriate word in the text below:
amount – deductions – expenses – revenues – shareholders
To a business, net income or net profit is the amount of __________ that exceed the total costs of producing those revenues.
This measures the __________ of profits that remain in the business after all __________ have been paid for the period. These profits can either be retained by the company in the retained earnings account or they can be distributed to __________ or owners.
Employees, on the other hand, consider their net income or net pay to be their total pay less all __________ like taxes, insurance, and employee share of benefits.
2. CHECK YOUR SPEAKING
|
amount |
[ əˈmaʊnt ] |
сума |
|
deductions |
[ dɪˈdʌkʃənz ] |
відрахування |
|
expenses |
[ ɪksˈpɛnsɪz ] |
витрати |
|
revenues |
[ ˈrɛvɪnjuːz ] |
надходження |
|
shareholders |
[ ˈʃeəˌhəʊldəz ] |
акціонери |
3. SEE CORRECT ANSWER
To a business, net income or net profit is the amount of revenues that exceed the total costs of producing those revenues.
This measures the amount of profits that remain in the business after all expenses have been paid for the period. These profits can either be retained by the company in the retained earnings account or they can be distributed to shareholders or owners.
Employees, on the other hand, consider their net income or net pay to be their total pay less all deductions like taxes, insurance, and employee share of benefits.
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