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Frequently Asked Questions

What is the purpose of a net calculator?

The Net Price Calculator is intended to be used by incoming first year undergraduate students only. 1) This is not an application for admission or financial aid. 2) The results will only be as reliable as the data you provide; therefore, it might be helpful to have recent tax forms or financial statements on hand before you begin.

How do I calculate my net worth?

Your net worth is not just what you have in your bank account. To calculate your net worth, subtract the total value of your debts (aka liabilities) from the total value of your assets. Simply put, total assets minus liabilities. You might have a positive net worth or a negative net worth.

How do you calculate your net income?

Mathematically, it is represented as, In the case of multiple steps, first, the gross profit is calculated by subtracting the cost of goods sold from revenues. Then the operating income is computed by deducting operating expenses from gross profit, and finally, the net income calculation is done by adding operating income and non-operating items.

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