Ordinary business income includes any earnings your company makes through daily operations. Profit from selling a product or providing a service is ordinary business income. For example, you sell $20,000 worth of products. You have $10,000 in the cost of goods sold (COGS) and $5,000 in operating expenses. Your ordinary business income is $5,000 ($20,000 – $10,000 – $5,000).
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
