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Answers:
1.) The entire property of a person, association, corporation, or estate applicable or subject to the payment of debts.
2.) In business, what remains after subtracting all the costs (namely, business, depreciation, interest, and taxes) from a company's revenues. Net income is sometimes called the bottom line. also called earnings or net profit.For an individual, gross income minus taxes, allowances, and deductions. An individual's net income is used to determine how much income tax is owed.
3.)The amount you pay for borrowing money. When you pay back a loan or other debt, the additional amount you pay back is interest expense. Interest is calculated as a percentage of the amount of your loan for each period of time. Points paid for a mortgage are a form of prepaid interest.
4.) Calculated by adding the total assets of a company for the five most recent quarters and dividing by five.
5.)Income tax is succintly defined as a tax on income, whether gross or net.Income tax is an annual levy on income by governments. Both personal and corporate income taxes are collected. Different taxation rates and regulations are used for individuals and businesses. The amount of income tax payable depends on two factors. First, how much does the individual or business earn? Second, once taxable income has been calculated, different tax rates are applied to different income levels. 
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