Originally Posted by
flippedr6
Well seeing that in the US and I assume most places “net income” is post tax, what you meant was “gross income” so good job f’ing that up as well.
No. Gross Income is related to an individual's taxes. You might be thinking of Gross Profit which is the GAAP term. Back on topic, Gross Profit is similar to EBITDA, which would be a much better number to use for profit sharing.
The language in the contract(s) is “Pre-Tax Profit” which is a made up term, but they define it as pre-tax (and other adjustments to) Net Income.