Gross Income Vs Net Income

Summary

Gross Income and Net Income defined

Body

Issue/Question

What is the difference between gross and net income?

Environment

  • Income

Resolution

  1. Gross pay is the total amount of your earnings before any taxes are taken out
  2. Net Pay is the total earnings minus deductions
    Note: Also referred to as your take-home pay or the amount on your paycheck/direct deposit

Details

Details

Article ID: 5770
Created
Wed 11/11/20 11:02 AM
Modified
Thu 10/5/23 4:08 PM
KCS Article Status
WIP: Only Problem & some Environment captured
Not Validated: Complete & Resolution captured, confidence lacks in structure, content, no feedback
Validated: Complete & reusable, used by licensed KCS user, confidence in resolution & std. compliance
Validated

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