1) Operating Income is also referred to as (1 point)?

a)     Taxable income

b)    Gross income

c)     Gross revenue

d)    Profit

 

Taxable income

Step-by-step explanation

Gross revenue is the total amount of money a business realizes from sales, it is also the gross sales revenue.

Gross income is the gross revenue minus cost of goods sold which is also gross profit.

Taxable income is the earnings before tax (EBT). For a business that does not pay interest on debt, its taxable income is the earnings before tax which which is also the operating income