Learn the difference between gross vs. net income, and how each affects your tax payments. Gross income is the total amount of income you receive from all sources before any taxes or other deductions ...

"Gross receipts" refers to the total amount of revenue you take in, while "income" refers to how much you keep, based on your expenses, deductions and other accounting factors. Understanding what goes ...

Gross income is a way of measuring the profit generated from sales alone, using just your total revenue minus the cost to you for the goods you sold. Net income, though, goes a few steps further by ...

In order to pay your employees correctly each pay period, you need to know how to calculate gross and net pay. Learn how to ...

Moving lots of merchandise is great, but it doesn't mean you're making lots of money. If expenses eat up most of your sales revenue – or worse, more than your sales revenue – your net sales may not ...

Melissa Horton is a financial literacy professional. She has 10+ years of experience in the financial services and planning industry. Ebony Howard is a certified public accountant and a QuickBooks ...

Opinions expressed by Entrepreneur contributors are their own. Confusion frequently surrounds the meaning of gross margin and markup, probably because they are two different ways of expressing the ...

For 163 years, Americans have been paying Uncle Sam a percentage of their wages in the form of federal taxes. Gross income is the total amount of income you receive from all sources before any taxes ...

Gross income is the total amount of income you receive from all sources before any taxes or other deductions are taken out. Adjusted Gross Income (AGI) is used in completing your tax return and is all ...

Gross profit and net income are widely followed measures of a company’s profitability. They both gauge performance but in different ways by focusing on all or only a select few expenses. Gross profit ...