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Q: What does gross price and net income mean?
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What does gross price and net price mean?

The gross price would be the price before deductions. The net price is after deductions.


How is gross income different from net income?

net income is gross income less expenses


What dose gross and net mean?

Gross and net are often used to distinguish between an amount before a related expenses and after. For example, gross income and net income. If I earn $10,000 in a month that is my gross income. However, if I am taxed at 25%, I have to give $2,500 to the government. My net income is then $7,500 ($10,000 - $2,500).


Is gross income higher than net income?

Gross income in normally higher then net income unless there is other income then normal business operations then net income may be higher then gross income.


Calculate net income in accounting?

Net Income = Sales - Gross profit Gross Profit - Cost of Production = Net Income


Calculate gross price to net price?

Gross price-expenses=net price


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.


Are taxes deducted from gross income or net income?

Gross income is generally your total income. Net income is what you actually end up with to pay your bills. Gross income minus taxes & other deductions (such as disability insurance) equals net income.


Net income is equal to your gross income plus taxes?

That would do it for me, but unfortunately for me my net income is equal to my gross income minus taxes.


Is net or gross income taxed?

gross


Is household income gross or net?

Gross.


Do you pay tax on your gross income or net income?

You pay tax on your adjusted gross income. This is not quite the same thing as gross income, but it's definitely not net either.