Simple English definitions for legal terms
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Pretax earnings refer to the amount of money a company earns before paying income taxes. This includes revenue gained from labor or services, investments, or assets. It is important to note that pretax earnings do not take into account any taxes that the company may owe, so it is not the same as the company's net income.
Pretax earnings refer to the amount of income earned by an individual or a company before taxes are deducted. This includes revenue gained from labor or services, investment of capital, or assets.
These examples illustrate how pretax earnings are calculated by subtracting expenses from revenue or income. It is important to note that taxes will be deducted from these earnings, which will result in a lower net income or take-home pay.