Net vs. Gross (Income, Pay/Salary, etc.) in One Minute: Definition/Difference, Explanation, Examples
admin June 23, 2020 26 Comments
Way too many people think they understand the difference between net and gross (so the difference between net income and gross income, the difference between net pay/salary and gross pay/salary, etc.) but unfortunately, they usually don’t understand the concepts properly.
Through this video, I did my best to provide an easy-to-understand definition and especially explanation of net and gross (income, pay/salary, you name it). Also, through carefully-chosen examples, I hope I’ve managed to get the message across in a way that leaves little room for interpretation.
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Helped me so much I was struggling to learn this now I’ve got it
When I was struggling to know what gross and net income was, you gave me the simple answer, thank you so much!
But im pretty sure that sales taxes are not 20%
Thanks so much! I needed this for math. <3
I have had trouble with this for months.MONTHS I SAY.And I came across this video and I’m like…
If I owe federal taxes but had a refund on state taxes how would I calculate net income? Do I subtract federal taxes from my gross but then add the refund on to of my net? Thanks!
Omg- I didnt think i would understand what net and gross income was and i thought it was REALLLY complicated to work out but- Turns out watching this video its not hard at all, it TOTALLLYY makes so much sense! Thanks for explaining it! 😀
Vyond lol
Thank you! I have a math packet and this really helps! Not the best at something I will use in future ☹️
01:22 What a straight forward video keep it up 👍🏽👍🏽
No origin story about where the terms Gross and Net come from
Thank you for making the video, it’s just really hard for me to learn, it’s just a little too fast, next time just slow it down a little, but all and all it was a great video
Nope, you got it wrong, bruh. Gross Income is a corporate profit, it is the "EXCESS" amount you earn from your compensation. That's taxable. Go read Title 26 U.S. Code Section 83. Many overlook this Statute and the IRS Agents are afraid to address it
Thank you for this video! I can now understand my report!☝️😀
dude this helped me so much ty
Thank you for explaining so eloquently in such a succinct manner. sir I have a question. Why people use the term NET-NET (Like two times while they speak). can you help me understand what is NET-NET
Thanks
Easy but effective explanation
Is gross income = revenue
Net income = earnings ?????
Best explained sir. I have searched many on sites, but can't understand. Thxu so much sir for this video
Thank You! my god you google this and it comes out with a god damn article, when all i want is a simple answer.
Excellent bro
TAXATION IS THEFT
Guys… In Brazil: Gross = Net… Too much taxes.
i love your channel man !!! this is really a service to the public
Gross = What Your Time Is Worth
Net = What Your Time Pays ( what Governance says your time is worth)
so revenues the same as gross?