In business, net income is an entity's income minus cost of goods sold, expenses
and taxes for ... Net sales = gross sales – (customer discounts, returns, and
allowances): Gross profit = n...
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
Jul 28, 2013 ... The concepts of gross and net income have different meanings, depending on
whether you are discussing a business or a wage earner.
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 ...
Oct 13, 2014 ... The terms "profit" and "income" are largely interchangeable when discussing net
and gross figures, although there is a real difference between ...
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
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 ...
Jul 7, 2015 ... Learn about the differences between adjusted gross income, or AGI, and net
income, two terms that are sometimes synonymous and ...
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 ...
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 ...