For 163 years, Americans have been paying Uncle Sam a percentage of their wages in the form of federal taxes. Gross income is the total amount of income you receive from all sources before any taxes ...

"Gross receipts" refers to the total amount of revenue you take in, while "income" refers to how much you keep, based on your expenses, deductions and other accounting factors. Understanding what goes ...

Gross income is a way of measuring the profit generated from sales alone, using just your total revenue minus the cost to you for the goods you sold. Net income, though, goes a few steps further by ...

In order to pay your employees correctly each pay period, you need to know how to calculate gross and net pay. Learn how to ...

Moving lots of merchandise is great, but it doesn't mean you're making lots of money. If expenses eat up most of your sales revenue – or worse, more than your sales revenue – your net sales may not ...

Melissa Horton is a financial literacy professional. She has 10+ years of experience in the financial services and planning industry. Ebony Howard is a certified public accountant and a QuickBooks ...

Gross income is the total amount of income you receive from all sources before any taxes or other deductions are taken out. Adjusted Gross Income (AGI) is used in completing your tax return and is all ...