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What is the difference in Gross income versus Net income?

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What is the difference in Gross income versus Net income?
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.
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What is the difference between gross income and net income?

What is the difference between gross income and net income?

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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

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To answer the question we should first define the point of view, which is determined by the purpose who or why do we want to make this differentiation. If we see it from the p
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