In accounting, gross profit or sales profit or "credit sales" is the difference
between revenue and ... Taxes, Depreciation and Amortization); Profit margin (
the ratio of net income to net...
Gross vs. Net. Gross income includes all of the income your business earns
during the year, while net income includes only the profit your business earns
Meaning, Gross refers to the total amount before anything is deducted. ... Gross
vs Net Income, Gross income is the pre-tax net sales minus cost of sales.
Quick Answer. The difference between gross and net income is that gross income
is the total amount of income made and net income is the total amount of ...
When calculating your income for tax purposes, you may hear the terms "gross"
and "net". Gross income includes (almost) all of your income, while net income is
Jul 11, 2015 ... Gross profit is the difference between a company's net revenues less the cost of
goods sold. Net profit, on the other hand, is the difference ...
Sources of gross income include salary, wages, tips, capital gains, dividends,
interest, rents, pensions and ... A business' gross income can be used to
calculate its gross margin, a measure of profitability. ... Other (income) expense,
Oct 13, 2014 ... The terms "profit" and "income" are largely interchangeable when discussing net
and gross figures, although there is a real difference between ...
Gross refers to the whole of something, while net refers to a part of a whole
following some sort of deduction. For example, net income for a business is the ...
Jan 9, 2015 ... The term gross and net income are used many times in business but what
confuses us is the difference between the two. Here with the help of a ...