difference between gross income and earned income
Earned income, gross income, adjusted gross income and modified adjusted gross income provide the foundation for tax preparation and filing. The difference between earned income and gross income is an important distinction that you should be prepared to use correctly in your tax accounting.RELATED FAQS.n addition to the specific items listed under earned income, your gross income also includes investment income in the form of interest and dividends as well as your retirement income derived from retirement account withdrawals.