What would you like to do?

What is the difference in Gross income versus Net income?

already exists.

Would you like to merge this question into it?

already exists as an alternate of this question.

Would you like to make it the primary and merge this question into it?

exists and is an alternate of .

Gross income usually is the money someone or something has earned before any deductions such as taxes, expenses, or promotion has been deducted. If you are receiving money after such expenses have been deducted, you are receiving money based on NET income.
+ 12 others found this useful
Thanks for the feedback!

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 afte

Why is there a difference between gross and net income?

Gross pay is the number of hours times base hourly rate. Net is what is left after Insurance, FICA, Fed and State deductions. In other words, Gross is what you make, Net, is w

Difference between net income and revenue?

Revenue is all the money a business brings in. Net income is  revenue minus all the expenses of the business. Net income is  profit.

What is the Difference between net income and net operating income approach to capital structure?

Net Operating Income Approach Net Operating Income Approach was also suggested by Durand. This approach is of the opposite view of Net Income approach. This approach sugges

Gross vs net income?

Gross and Net Gross refers to the total and Net refers to the part of the total that really matters. Gross vs Net Income In accounting, for a P&L (profit and loss statement

Is annual income your gross or net income?

Your annual income is generally your net income - what you earned (gross income) minus the taxes and pre-tax benefits you pay for prior to getting your paycheck (deductions).

What is the difference between Net Income and Net Operating Income?

Net operating income (must be a positive number, otherwise would be net operating loss) is the amount after expenses have been deducted out of sales, BUT before INTEREST and I

What is the difference between retained earnings and net income?

Net income generally represents the company's profit after all expenses, including financial expenses, have been paid. This number is often called the "bottom line" and is gen

What is the difference between adjusted gross income and gross income?

Gross income on the 1040 income tax return is the total amounts of all of your worldwide taxable income added together that is on page 1 line 22 Total Income of the 1040 tax f

What is the difference between net income and stakeholder's equity?

Net income is the profit resulted from the operation of the entity after deducting the operating expenses and the administrative expenses. applicable taxes are also being dedu