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View Diary: DC Mayor Rejects Living Wage Ordinance. California to Raise Minimum Wage to $10. (70 comments)

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  •  Jen - how did you get from $450 billion of (0+ / 0-)

    revenues to $450 billion of net income?

    "let's talk about that"

    by VClib on Thu Sep 12, 2013 at 11:20:59 AM PDT

    [ Parent ]

    •  I called it gross, not net (0+ / 0-)

      The road to excess leads to the palace of Wisdom, I must not have excessed enough

      by JenS on Thu Sep 12, 2013 at 02:30:39 PM PDT

      [ Parent ]

      •  I see, revenues are not gross income (0+ / 0-)

        People will commonly call revenues sales, but revenues are not income. To reach an income number requires the subtraction of at least certain expenses. There are numerous income numbers that accountants and financial analysts use, each of which starts with revenues and then deducts specific expenses.

        "let's talk about that"

        by VClib on Thu Sep 12, 2013 at 05:11:03 PM PDT

        [ Parent ]

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