Please Help! I'm confused about this:
In my state I qualify for the state Medicaid for my child since I'm a single dad. They need to know my income every few months, but I'm not entirely sure what number I'm supposed to be giving them and they don't know which numbers I am supposed to be giving them either, which sometimes leads to a minor argument. I tell them I'm pretty sure that my income (or profit??) after all business expenses is what my income is, but they sometimes try to tell me it is the gross profit (or gross revenue??) , before all expenses, which does not make sense to me because I don't think that would be considered the income that I recieve.
Also, I keep finding conflicting definitions for these terms if a pro can clarify them? Thanks!!!
Gross and Net Revenue??
vs.
Gross and Net Profit??
vs.
Gross and Net Income??
