41.7k views
1 vote
Why is net income lower than gross income?

1 Answer

4 votes

Answer:

Gross income is typically the larger number, because in most cases it's the total income before accounting for deductions. Net income is usually the smaller number, as that's what left after accounting for deductions or withholding.

Step-by-step explanation:

User Makasprzak
by
5.4k points