Accountancy, asked by sushma4375, 5 hours ago

Why do we use gross income instead of net?

Answers

Answered by Itsmahi001
2

\huge \bigstar { \underline{ \sf{ \red{A}{ \pink{n}{ \color{blue}{s}{ \color{gold}{w}{ \color{aqua}{e}{ \color{lime}{r}}}}}}}}}

  • Gross income is typically the larger number, because in most cases it's the total income before accounting for deductions. Net income is usually the smaller number, as that's what left after accounting for deductions or withholding thats why we use gross income.
Similar questions