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    #1

    Made $50K Last Year meaning

    What is the meaning of "Made $50K Last Year"?

    Does it mean $50K profits? or is it $50K revenue?

  1. bhaisahab's Avatar
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    #2

    Re: Made $50K Last Year meaning

    Without context it could mean several different things.
    “Every miserable fool who has nothing at all of which he can be proud, adopts as a last resource pride in the nation to which he belongs; he is ready and happy to defend all its faults and follies tooth and nail, thus reimbursing himself for his own inferiority.”

    — Arthur Schopenhauer

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    #3

    Re: Made $50K Last Year meaning

    I saw that in a title when scrolling (forgot where), I cannot find it anymore. The title is something like: "How Michael Made $50K Last Year"

  2. bhaisahab's Avatar
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    #4

    Re: Made $50K Last Year meaning

    OK, so now we know it was Michael, we still don't know exactly what he did, but I would guess that he earned $50K last year. It remains a possibility that he stole it or printed it, however.
    “Every miserable fool who has nothing at all of which he can be proud, adopts as a last resource pride in the nation to which he belongs; he is ready and happy to defend all its faults and follies tooth and nail, thus reimbursing himself for his own inferiority.”

    — Arthur Schopenhauer

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    #5

    Re: Made $50K Last Year meaning

    What I am asking is if someone says "I made $50K last year by selling shoes", does it mean that the $50K is pure profits or is it the revenue?

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    #6

    Re: Made $50K Last Year meaning

    We don't know for certain.

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    #7

    Re: Made $50K Last Year meaning

    ** I am not a teacher. **

    I would understand that to mean the person earned fifty thousand dollars in profit. "I make $X" is a common way to say your gross income is $X.
    Last edited by Rover_KE; 23-Dec-2015 at 19:06. Reason: Deleting unnecessary quote.

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    #8

    Re: Made $50K Last Year meaning

    If it is an individual's income, then it could simply be fifty thousand, regardless of profit.

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    #9

    Re: Made $50K Last Year meaning

    If you're chatting to business owners/the self employed, then they probably mean profit. If you're chatting to employees they probably mean salary.

    Revenue or turnover- I don't think they mean that.

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    #10

    Re: Made $50K Last Year meaning

    If it is revenue, then it doesn't sound like a great claim. It would sound better as an income.

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