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marishachu [46]
3 years ago
15

What's the difference between gross monthly income, and net monthly income? I'm filling out a loan application, and the applicat

ion wants to know what my "gross monthly income" is, but I don't know if they mean take home pay or what I make before taxes. Help!
Business
1 answer:
frutty [35]3 years ago
7 0
Your "gross monthly income" is the amount you make BEFORE they take out any deductions.
Your "gross monthly income" is the amount you make AFTER they take out any deductions. 
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