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Posted on 12/15/15 at 11:23 am to TheOcean
Net income is gross income less expenses.
He HAS expenses.
He is withholding information from a bank that is needed to make an informed decision. There is a difference in reporting, to a bank, gross income of $100,000 and net income of $20,000 when you have $80,000 of expenses.
He HAS expenses.
He is withholding information from a bank that is needed to make an informed decision. There is a difference in reporting, to a bank, gross income of $100,000 and net income of $20,000 when you have $80,000 of expenses.
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