Question

What is the difference in Gross income versus Net income?

Answer 1

here is your answer

for a company net income is the residual amount of earnings after all expenses have been deducted from sales for a wage earner gross income is the amount of salary or wages paid to the individual by an employee Before any deduction are taken


hope you understand

Answer 2

Gross refers to the total amount before anything is deducted. Many important accounting statistics use this method, such as gross earnings and gross profit. Net refers to the amount remaining after certain adjustments have been made for debts, deductions or expenses.