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| *The Commerce Journal>>>Other Taxes |
What is the difference between gross and net? |
What is the difference between gross and net? Gross is before any taxes and deductions, net is after those. Gross is the total amount of anything. In wages, it is the total that is started with. From that they deduct taxes, Social security, etc. and come down to the final paycheck, which is the net. gross is the total amount net is the amount after expenses are deducted pay? Profits? Gross pay is what you make before deductions and taxes. Net is what you take home. gross: before deductions net: after deductions net income is income after expenses are taken out. Gross is total income. Gross is, you are paid $500 per week. Net is what you actually get after taxes,social security, ect. |
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