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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.
What is the difference between net and gross on a paycheck?
Your gross income is your income before anything is taken out. Your net income is your remaining income after deducting taxes and expenses--so on your paycheck, your net is your "take home pay".
Can you explain the difference between gross and net income?
Gross income is the total amount of money you earn before any deductions or taxes are taken out. Net income is the amount of money you take home after deductions like taxes, insurance, and retirement contributions are subtracted from your gross income.
Is profit the difference between earned income and cost?
Under current U.S. accounting standards, gross profit is the difference between net sales revenues and cost of goods sold over a given period of time. Net income is gross profit less all other business expenses incurred or paid during a particular period of time. Both gross profit and net income appear as separate line items on an income statement. Generally, the "bottom line" is net income after taxes. "Earned income" is an income tax concept which refers to income that comes from the taxpayer's sale of goods and services - so for an individual (who "sells" his labor to his employer in return for a paycheck), "earned income" would include wages, commissions and other compensation. Unearned income would include interest, dividends and other items that are not compensation.
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.
Difference between gross income and net income?
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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.
What is the difference between net and gross on a paycheck?
Your gross income is your income before anything is taken out. Your net income is your remaining income after deducting taxes and expenses--so on your paycheck, your net is your "take home pay".
What is the difference between gross income net income and taxable income?
Gross income is the raw income earned while net income is after deductions of interest taxes while taxable income is that income on which tax is calculated.
What is the difference between gross monthly income and net monthly income?
Gross is what you make before taxes and anything else is taken out. Net is what you take home after it is all taken out.
What is the difference between ngross and net income?
Gross is how much you make all together, and net income is how much you make after taxes and stuff
Can you explain the difference between gross and net income?
Gross income is the total amount of money you earn before any deductions or taxes are taken out. Net income is the amount of money you take home after deductions like taxes, insurance, and retirement contributions are subtracted from your gross income.
What is the difference between a gross profit and net income?
Gross profit is the total money you made. Net income is what is left of that money after you pay all your expenses: Heat, light, employee salaries, insurance, etc.
What is the difference between Gross and net and taxable income?
Gross income: the overall income, from which expenses and tax are not yet deducted. Net income: the pure income, left after deducting all expenses and tax. Taxable income: the income before tax, deducted all expenses except tax.
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 what you spend.
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 after taxes and any benefits you contribute toward are taken out.
How is gross income different from net income?
net income is gross income less expenses
