NET VS. GROSS: I wasn't exactly sure what net and gross meant, so I looked it up.
Net refers to the amount remaining after certain adjustments have been made for debts, deductions or expenses. Gross income is the pre-tax net sales minus cost of sales.
That leaves me more confused than ever.
Here's another explanation: Gross refers to the whole of something, while net refers to a part of a whole following some sort of deduction.
That's closer to what I've heard in the past.
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