Earnings
A Dictionary of Law · Henry Campbell Black · 1891
A Dictionary of Law
This term is used to denote a larger class of credits than would be ineluded in theterm “wages.” 102 Mass. 235; services or labor without the aid of capital.
20 Wis. 380. See, also, 46 N. TI.
48. “Gross” earnings are the total receipts before deducting expenditures. “As a general preposition, net earnings are the excess of the gross earnings over the expenditures defrayed in producing them, aside from, and exelusive of, the expenditure of capital laid out in constructing and equipping the works themselves.”
99 U.S. 420.
See, also, 44 Ohio St. 515, 7 N. E. Rep. 189; 54 Conn. 168, 5 Atl. Rep. 851. “Surplus” earnings of a company or corporation means the amount owned by the company over and aboveits capital and actual liabilities.
76 N. Y. 74.