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.
Make sure your PC is connected to the Internet if you want Windows Media Player to automatically get info about the songs, such as the name of the CD, the artist, and titles for the tracks being ripped. 1  Open Windows Media Player. 2  Insert an audio CD into the PC's CD drive. 3  Select the Rip CD button .