Gross pay is equal to your salary minus any automatic (non-taxable) deductions such as health insurace and 401K deductions.
True Gross pay equals your total salary.
Example:
An employee gets paid $10 per hour and works for 40 hours. They also have insurance and 401K deductions of a total of $49.80 automatically deducted.
Gross pay = $ 350.20 (40 x $10.00 - $49.80)
True Gross pay = $400.00 (40 x $10.00)
The income before deducting expenses is called gross earning
The income after deducting expenses is called net earning
net income is gross income less expenses
Gross margin is Gross income as a percentage of revenue. Net Margin is net income as a percentage of revenue.
Earning is more in sense of sales revenue while net income is different in this sence that it is the difference between revenues or earnings from expenses.
As far as my knowledge goes, the difference between net and gross values is that the gross value is the value before deductions, while net is basically after deductions from your gross value. Hope it helps!
The difference between gross pay and net pay is that gross pay is the amount that you receive before tax deductions and pay net is the money you take home after all the tax deductions
is net invesment = gross investment - depreciation
1. Net sales - cost of goods sold = Gross profit Gross profit / Net sales = Gross profit ratio
Gross = Before TaxesNet= After Taxes
Net earning of the firms, included retained earning, dividend etc.
Gross margin (also known as gross profit) is the difference between Net sales and Cost of goods sold: Net sales - Cost of goods sold = Gross margin Therefore, if you know Gross margin, add it to Cost of goods sold to get Net sales.
Gross and Net profit are virtually the same. They both calculate EBT, earnings before taxes - all overhead and salaries.
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