13 Things Every Millennial Must Know Before Getting Hired

KNOW THE DIFFERENCE BETWEEN NET AND GROSS INCOME

Gross income is what you earn before taxes, deductions and garnishments are taken out. You might make $5000 a month in gross income, but if you pay $1000 in taxes, $350 for health and dental insurance, and $500 in 401k deductions, your net income is $3150 per month. This is also called take-home pay, since it’s the amount you actually bring home each month.