Net vs. Gross (Income, Pay/Salary, etc.) in One Minute: Definition/Difference, Explanation, Examples



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.

To support the channel, give me a minute (see what I did there?) of your time by visiting OneMinuteEconomics.com and reading my message.

Bitcoin donations can be sent to 1AFYgM8Cmiiu5HjcXaP5aS1fEBJ5n3VDck and PayPal donations to oneminuteeconomics@gmail.com, any and all support is greatly appreciated!

Oh and I’ve also started playing around with Patreon, my link is:

Interested in reading a good book?

My first book, Wealth Management 2.0 (through which I do my best to help people manage their wealth properly, whether we’re talking about someone who has a huge amount of money at his disposal or someone who is still living paycheck to paycheck), can be bought using the links below:

Amazon –

Barnes & Noble –

iBooks (Apple) –

Kobo –

My second book, the Wall Street Journal and USA Today bestseller The Age of Anomaly (through which I help people prepare for financial calamities and become more financially resilient in general), can be bought using the links below.

Amazon –

Barnes & Noble –

iBooks (Apple) –

Kobo –

Last but not least, if you’d like to follow me on social media, use one of the links below:

Nguồn: https://speakforchange.org/

Xem thêm bài viết khác: https://speakforchange.org/tong-hop/


Article Categories:
Tổng Hợp

Comments

  • Helped me so much I was struggling to learn this now I’ve got it

    DSREACTS June 17, 2020 7:11 am Reply
  • When I was struggling to know what gross and net income was, you gave me the simple answer, thank you so much!

    Maryamjon Karimova June 17, 2020 7:11 am Reply
  • But im pretty sure that sales taxes are not 20%

    Vinh P June 17, 2020 7:11 am Reply
  • Thanks so much! I needed this for math. <3

    Gianna Benton June 17, 2020 7:11 am Reply
  • I have had trouble with this for months.MONTHS I SAY.And I came across this video and I’m like…

    Sarah-esma Atte-oudeyi June 17, 2020 7:11 am Reply
  • 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!

    tape trails June 17, 2020 7:11 am Reply
  • 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! 😀

    Candace Clark June 17, 2020 7:11 am Reply
  • Vyond lol

    synth June 17, 2020 7:11 am Reply
  • Thank you! I have a math packet and this really helps! Not the best at something I will use in future ☹️

    Mini’s World June 17, 2020 7:11 am Reply
  • 01:22 What a straight forward video keep it up 👍🏽👍🏽

    No origin story about where the terms Gross and Net come from

    Lance Longbottom June 17, 2020 7:11 am Reply
  • 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

    Zachary Weaver June 17, 2020 7:11 am Reply
  • 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

    Quentin Mitchell June 17, 2020 7:11 am Reply
  • Thank you for this video! I can now understand my report!☝️😀

    Carl Sicorsicor June 17, 2020 7:11 am Reply
  • dude this helped me so much ty

    NadiaChan June 17, 2020 7:11 am Reply
  • 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

    Abhishek Singh June 17, 2020 7:11 am Reply
  • Thanks

    Mike TGM June 17, 2020 7:11 am Reply
  • Easy but effective explanation

    DivyAnju Dharma Tiwari June 17, 2020 7:11 am Reply
  • Is gross income = revenue
    Net income = earnings ?????

    Shivani Tiwari June 17, 2020 7:11 am Reply
  • Best explained sir. I have searched many on sites, but can't understand. Thxu so much sir for this video

    Shivani Tiwari June 17, 2020 7:11 am Reply
  • Thank You! my god you google this and it comes out with a god damn article, when all i want is a simple answer.

    REEMIKS June 17, 2020 7:11 am Reply
  • Excellent bro

    HAMZA ALI June 17, 2020 7:11 am Reply
  • TAXATION IS THEFT

    Craig Mason's Reasonable Conversation Channel June 17, 2020 7:11 am Reply
  • Guys… In Brazil: Gross = Net… Too much taxes.

    PVimagens Channel June 17, 2020 7:11 am Reply
  • i love your channel man !!! this is really a service to the public

    Crypto Feez June 17, 2020 7:11 am Reply
  • Gross = What Your Time Is Worth

    Net = What Your Time Pays ( what Governance says your time is worth)

    Gooberlitorial June 17, 2020 7:11 am Reply
  • so revenues the same as gross?

    Albert Mars June 17, 2020 7:11 am Reply

Leave a Comment

Your email address will not be published. Required fields are marked *