net profits
Definitions from Case Law · United States Supreme Court
Definitions from Case Law
From 289 U.S. 582 - Rogers v. Hill · 1933Most cited · 340 citing opinions
Compensation to an officer for his services constitutes a part of operating expenses deductible from earnings in order to ascertain net profits. It is immaterial whether such compensation is a fixed salary or depends in whole or in part upon earnings.
How often courts cite the case defining “net profits”
Court decisions citing the opinion that defined “net profits” — 340 in all, by decade. Counts are citations to the defining case as a whole, not verified uses of the term. The dip in the most recent years is a data-coverage gap, not a real trend — our corpus holds fewer opinions from the latest years.