Ask Question
15 February, 02:40

Why is net income lower than gross income

+5
Answers (1)
  1. 15 February, 05:56
    0
    Gross income is the income before taxes and deductions

    Net income on the other hand is the income after taxes and deductions and credits are factored into gross income. This is the reason why net income is lower than gross income. Gross income = net income + taxes
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “Why is net income lower than gross income ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers