Gross pay vs Net pay. Bet you’ll never forget which one’s which now.
Gross income is your total salary. It’s what you earn before taxes, benefits, and withholding.
Net income is your compensation after income taxes, insurance payments, contributions to retirement accounts (very important!!), Social Security, unemployment, & Medicare payments (the blasted FICA and FUTA), and any other legal obligations. It’s how much of the pie you get after everything is taken out. Remember, most of those withholdings are benefits that you get back in some way other than straight cash.