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Cash flows from operating activities, as part of the statement of cash flows, include cash transactions that enter into the determination of net income.
Net Earnings
The amount of income generated after deducting the costs, expenses, and taxes from total revenue. It represents the actual profit of a business.
Qualified Education Loans
Loans taken out solely to pay for higher education expenses that are qualified for tax deductions or preferential tax treatment under U.S. tax law.
Tax Return
A document filed with a state or federal government detailing income earned and taxes owed for the year.
Self-Employment Taxes
Taxes that cover the Social Security and Medicare contributions for individuals who work for themselves.
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