Bruto and neto income


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Bruto and neto income
Bruto and neto income are terms that are used to describe a person’s income. Bruto income is the total amount of money you earn before taxes and other deductions are taken out. Neto income is the amount of money you actually receive after taxes and other deductions are taken out. For example, if you earn $3000 in a month, your bruto income would be $3000. However, after taxes and other deductions, your neto income would be $2550. It’s like a bank account. You can imagine that your neto income is the balance you actually have in your bank account after all of your bills and expenses are taken out. Fun Fact: In the United States, the average neto income for a single person is about $2,500 per month.