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What’s the difference between Gross Income and Net Income?
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Gross Income is all the revenue or cash that is flowing into a company. In many cases Gross Income and Sales are the same thing. Other sources of funds, like investment income or investment gains, if there are any, are also generally included in Gross Income. Net Income is a commonly used term that means Profit (or Loss). It represents the amount of money that is left over when you subtract Expenses from the Gross Profit.The equation that links the two is: Gross Income – Expenses = Net Income.ReplyDec 23, 2008 14:25 EDTThread 1
Gross Income is all the revenue or cash that is flowing into a company. In many cases Gross Income and Sales are the same thing. Other sources of funds, like investment income or investment gains, if there are any, are also generally included in Gross Income. Net Income is a commonly used term that means Profit (or Loss). It represents the amount of money that is left over when you subtract Expenses from the Gross Profit.The equation that links the two is: Gross Income – Expenses = Net Income.
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What’s the difference between Gross Income and Net Income?
