Calculator

Net Income Calculator

Calculate your business net income, profit margins, and tax obligations. Get insights to improve profitability.

What You'll Discover

  • • Your actual net income after all expenses and taxes
  • • Profit margin compared to industry benchmarks
  • • Monthly cash flow and tax obligations
  • • Areas to optimize for better profitability

Business Information

$50k $5M

Expense Categories (% of Revenue)

Total Expenses: 77% of revenue

Tax Information

Your Net Income

$73,451
Annual Net Income
Monthly Net Income $6,121
Profit Margin 14.7%
Total Taxes $41,550

Income Breakdown

Gross Revenue $500,000
- COGS (10%) $50,000
Gross Profit $450,000
- Operating Expenses $335,000
Net Before Tax $115,000
- Federal Tax $25,300
- State Tax $0
- Self-Employment Tax $16,250

Need to Improve Cash Flow?

If your net income isn't where you want it, we can help with working capital solutions.

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Net Income Calculator FAQ

What's the difference between gross and net income?

Gross income is your total revenue. Net income is what remains after subtracting all business expenses, taxes, and deductions. It's your actual take-home profit.

What's a good profit margin for my business?

Profit margins vary by industry. Service businesses typically see 10-20%, restaurants 3-5%, retail 2-4%, and e-commerce 5-10%. Aim for at least 10% net margin for healthy cash flow.

How accurate are these tax calculations?

These are estimates for planning purposes. Actual tax obligations depend on deductions, credits, and your specific situation. Consult a tax professional for precise calculations.

How can I improve my net income?

Focus on increasing revenue, reducing unnecessary expenses, optimizing tax strategies, and improving operational efficiency. Consider financing for growth investments.