The term 'EARNS AFTER EXPENSES' can be summarized as the amount of money that is left over after all expenses have been paid. This is also known as net income or net profit, which can be abbreviated to NETS. Net income is the total amount of money that a business or individual has earned after subtracting all expenses, such as taxes, costs of goods sold, and operating expenses. It is an important measure of financial performance and is used to determine the overall profitability of a business.