For example, suppose that your gross income is $50,000 and you have $20,000 in deductions and credits. This leaves you with a taxable income of $30,000. Then, suppose that another $5,000 of income tax is subtracted; the remaining $25,000 will be your net income.EFINITION of 'Net Income-NI'. 1. A company's total earnings (or profit). Net income is calculated by taking revenues and adjusting for the cost of doing business, depreciation, interest, taxes and other expenses.
Ripping a CD is just simply copying the music off a CD and converting it into an audio file like an MP3, WMA, AAC, WAV. To rip a CD means to take it from your CD and put it into your computer's memory. That way you can play your music on your computer without having to put the CDs into your disc drive all the time. To rip a CD just call up your Windows Media Player.
1 If you want to backup a game install disc or audio files, you may need to rip the CD to your hard drive. 2  Often it's not enough to simply copy the files (because the disc may be copy protected). 3  To do this, download a CD ripping program (like CloneDVD or any number of free ones).