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Income is a general term referring to one's financial gain, whether earned or unearned, received as wages, or for services, from the sale of goods or property, or as earnings on investments over a given period of time. Gross income is the total income earned from all sources (e.g. wages, property) in a given period before expenses or taxes are deducted. Net income is the income or profit remaining after taxes and expenses have been deducted.
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Difference between gross income and net income?
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What is the difference between potential gross income and effective gross income?
One is better than the other.
What is the difference between gross income net income and taxable income?
Gross income is the raw income earned while net income is after deductions of interest taxes while taxable income is that income on which tax is calculated.
What is the difference between gross total income and total income?
Gross total income is the total income for the country divided by the amount of people therefore you get what each person in the country would get.
What is the difference between gross monthly income and net monthly income?
Gross is what you make before taxes and anything else is taken out. Net is what you take home after it is all taken out.
Difference between gross income and net income?
JLJLHLHLHIIH
What is the difference between potential gross income and effective gross income?
One is better than the other.
Difference between net income and gross income?
Gross income is the difference between revenue and direct expenses while net income is the income from all activities of business whether oprating activities or other activities.
What is the difference between net and gross margin?
Gross margin is Gross income as a percentage of revenue. Net Margin is net income as a percentage of revenue.
What is the difference between gross income net income and taxable income?
Gross income is the raw income earned while net income is after deductions of interest taxes while taxable income is that income on which tax is calculated.
What is the difference between gross total income and total income?
Gross total income is the total income for the country divided by the amount of people therefore you get what each person in the country would get.
What is the difference between net and gross on a paycheck?
Your gross income is your income before anything is taken out. Your net income is your remaining income after deducting taxes and expenses--so on your paycheck, your net is your "take home pay".
What is the difference between gross monthly income and net monthly income?
Gross is what you make before taxes and anything else is taken out. Net is what you take home after it is all taken out.
What is the difference between Gross Revenue and Gross Profit?
Gross revenue is the total sales/income from the primary business activity. Gross profit is Net Sales minus Cost of Goods Sold. Look at a multiple-step income statement for clarification.
What is the difference between ngross and net income?
Gross is how much you make all together, and net income is how much you make after taxes and stuff
What is the difference between Gross and net and taxable income?
Gross income: the overall income, from which expenses and tax are not yet deducted. Net income: the pure income, left after deducting all expenses and tax. Taxable income: the income before tax, deducted all expenses except tax.
What is the difference between gross income and net income?
Gross income is the total amount of money you earned, before taxes and any benefits are paid for. Net income is the amount of money you actually received on your paycheck after taxes and any benefits you contribute toward are taken out.
