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Normally gross income is higher than net income as gross income only includes direct expenses for manufacturing of goods while in net income other administrative expenses are also deducted but even then net income may be high if company has other income which is not related to specific business related activities and this income is also have very significant amount otherwise gross income is normally more 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.
Net Income = Sales - Gross profit Gross Profit - Cost of Production = Net Income
operating income refers to "net" profits. The amount of money a company has after all overhead and taxes. Revenue is the sales for a company from goods sold or "gross 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 gross income less expenses
Normally gross income is higher than net income as gross income only includes direct expenses for manufacturing of goods while in net income other administrative expenses are also deducted but even then net income may be high if company has other income which is not related to specific business related activities and this income is also have very significant amount otherwise gross income is normally more 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.
Net Income = Sales - Gross profit Gross Profit - Cost of Production = Net Income
Gross margin is Gross income as a percentage of revenue. Net Margin is net income as a percentage of revenue.
operating income refers to "net" profits. The amount of money a company has after all overhead and taxes. Revenue is the sales for a company from goods sold or "gross 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.
That would do it for me, but unfortunately for me my net income is equal to my gross income minus taxes.
gross
Gross.
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.
Net income is your income after all deductions like tax, union dues, company health insurance, etc. This is the money you can take and put in the bank.So if your gross income is 1000 and you have 200 in deductions, then your net income is 800.