What is the difference between net income and gross income?

A straightforward explanation of gross vs. net income, with concrete examples. Lists common income sources like salary, overtime, bonuses, commissions, freelance work, and app-based gigs—useful for anyone working in tech, running a side project, or freelancing. Details why knowing these distinctions matters for budgeting, loan applications, and long-term planning, which are crucial concepts for startup founders and freelancers.