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Wednesday, October 25, 2006

Net Gross

So if the below conversation (overheard in one of my advanced accounting classes) is any indication of my competition after graduation then I have nothing to worry about

Young girl #1 to another classmate: “so I don’t understand the difference between “net” and “gross”

Young girl #2: So it’s like…. Okay….. So you have a paycheck and like if you get paid $10/hour that’s your gross but when you get your paycheck, that’s the net”

Young girl #1: long silence…….. “oh”

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