When calculating your income for tax purposes, you may hear the terms "gross" and "net". Gross income includes ... "gross pay" refers to the entire amount of money you get paid, before taxes ...

On the other hand, "net" is typically used to describe the actual amount of money that remains after accounting for all expenses involved. For example, when discussing a business, gross income ...

Calculate net pay by multiplying the net percent by the gross paycheck amount. Divide net pay by net percent to calculate the amount to add to the gross pay. This will give you the grossed up total.

So here's the scoop, not just about gross versus net, but the other requirements, too. Credit issuers determine creditworthiness based on several factors and an important one is the amount of ...

Investopedia / Sydney Saporito Net proceeds are the amount the seller receives following the sale of an asset after all costs and expenses are deducted from the gross proceeds. Depending on the ...

Email us [email protected]. Thanks -- and Fool on! The article Taxes: Net Amount vs. Gross Amount originally appeared on Fool.com. Get a brief on the top business stories of the week ...