Cleveland. The tables below display average monthly climate and weather indicators in Cleveland Ohio. Temperature by: Fahrenheit / Centigrade
The difference between gross and net income is that gross income is the total amount of income made and net income is the total amount of income made after taxes and other expenses have been subtracted. The total gross income or gross amount can refer to total profit or total sales. Keep Learning.
The difference between the gross pay and the net pay is the taxes that were withheld from the employeeâs pay. This amount will be recorded as various liabilities. Here is the journal entry to record the payment of the paycheck: Notice the Wage Expense is debited for the gross pay.