We tend to see that deduction made to gross profit are taxes from business or firm, benefits and other payroll deductions.
What types of taxes and deductions
Generally,Gross pay this is defined as income before taxes, benefits and other payroll deductions.
Net pay is the opposite as it is income after all deductions are subtracted from their gross pay.
Therefore, deduction made to gross profit are taxes from business or firm, benefits and other payroll deductions.
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