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