That 'Gross Profit' seems to be Revenue minus Cost of Goods Sold (e.g. the food / packaging). Income taxes are calculated based on your total Earnings -- so Gr

That 'Gross Profit' seems to be Revenue minus Cost of Goods Sold (e.g. the food / packaging). Income taxes are calculated based on your total Earnings -- so Gross Profit minus all of the other expenses that it costs to run the business like tptacek's summary spells out (payroll, rent, capital depreciation, insurance, accounting, etc etc). https://divergentview.com/investment_guide/gross-profit/ https://divergentview.com/investment_guide/gross-profit/