Gross income refers to the main business income minus the main business cost, which is mainly used to measure the profitability of an enterprise's main business and reflect the profitability of its main business projects. Net income, also known as after-tax profit or net profit, refers to the profit retained by the company after paying income tax according to regulations. Net income is the remaining income after deducting various points on the basis of total income. These expenses include all expenses, such as depreciation, retention, benefits, dividends and interest.
Generally speaking, the total income reflects the operating status of the enterprise, while the net income reflects the financial status of the enterprise. Income is an accounting term and one of the accounting elements, which refers to the total inflow of economic benefits formed by enterprises in their daily activities, which will lead to the increase of owners' equity, and has nothing to do with the capital invested by owners.
Total income of rural economy
The total income of rural economy refers to unproductive income such as agriculture, forestry, animal husbandry, fishery, industry, construction, transportation, commerce, catering and service industries, which can be used to offset the expenditure this year and distributed among the state, collectives, farmers and relevant units. Excluding those income that cannot be used for distribution, which belongs to the nature of borrowing or temporary collection, such as loan income, advance payment, disaster relief funds, etc.
Collective entities set up by state organs in rural areas, such as chicken farms and pig farms, should also be counted if land ownership still belongs to township and village collectives and local farmers participate in productive labor. If the land has been requisitioned and the ownership has been transferred, only the farmers' share of the income should be calculated.