What is the difference between gross income and net income?

The concepts of gross and net income have different meanings, depending on whether a business or a wage earner is being discussed. For a company, gross income equates to gross margin, which is sales minus the cost of goods sold. read more

The difference between gross and net income July 08, 2017 / Steven Bragg The concepts of gross and net income have different meanings, depending on whether a business or a wage earner is being discussed. read more

Gross vs Net Income. Many people face utter confusion when asked to state the difference between gross and net income. To be fully in control of your finances you need to understand the tangible differences between the two. read more