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pre-tax income (Formula: Operating income + interest income – interest expense. Use pre-tax income in a sentence • Our pre-tax income was sufficient to qualify for a home mortgage however we are uncomfortable that our net income after taxes will allow us the flexibility to handle unforeseen expenses. • Linda's pre-tax income was six figures, but due to high taxes on the wealthy it was much below six figures after taxes. • Investors at crowdfunding services often mistake their gross earnings for pre-tax income, without taking into account the cost of the loans they're holding. Read more: businessdictionary.com Alexander Demidov) |