READ: Building a Budget
One important thing to be aware of when discussing budgets and income is that the income that an employer pays to an employee is called the gross income. After taxes and other deductions are taken from the gross income amount, the pay that an employee receives from their paycheck is called the net amount or net income.
Read: 5 steps for building a budget
Last modified: Thursday, 14 June 2012, 4:20 PM