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can anyone help me on this question but explain? What’s the difference between gross and net income

Sagot :

Answer & Explanation:

Gross income is the total pay you earn before any reduction and adjustments (taxes, mortgage, etc.).

Net income is the amount of pay you get after taxes and other reductions are taken out of your gross income; it's the money that you "actually get to take home in your pocket with" on the payday.