Business Studies, asked by saddamhusain2541998, 4 months ago

gross total income and total income​

Answers

Answered by s14648anisha00929
0

Answer:

Gross Total Income is the sum of all of the income a person receives during a year, whereas Total incomeis the amount of income that is subject to taxation, after all allowable deductions or exemptions have been subtracted from the Gross Total Income.

Answered by Anonymous
2

Answer:

Gross Total Income is the sum of all of the income a person receives during a year, whereas Total incomeis the amount of income that is subject to taxation, after all allowable deductions or exemptions have been subtracted from the Gross Total Income.

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