Taxes, Revenue and Filing
The exhaustive master guide to finance and taxes! Select the tabs below to switch between basic terms, filing, types, and financial idioms.
Gross vs Net Income 🎬
Watch Teacher Sopheak explain the most important difference in finance: Gross is the money you make before taxes, and Net is what you actually get to keep in your pocket!
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Recent Questions
Hi Sokha! A "Salary" is a fixed amount you get paid every month or year, no matter how many hours you work. A "Wage" is money you get paid by the hour or by the day (e.g., $10 per hour). 💵
Is VAT the same as Sales Tax?
They are very similar because they are both taxes paid by the customer when buying goods. However, VAT (Value-Added Tax) is collected at every stage of production, while Sales Tax is only collected at the final sale. But for a shopper, they feel the same! 🛒
Teacher, what is the difference between Salary and Wage?