2006-09-02 08:05:46 · 14 answers · asked by karla g 1 in Science & Mathematics ➔ Mathematics
Pay before any deduction (tax, insurance premium, whatever), it is the part that the employer gives, and the employee only gets a part of.
Either that, or you get a job and getting paid for eating worms or something gross like that.
2006-09-02 08:08:35 · answer #1 · answered by Vincent G 7 · 0⤊ 0⤋
Gross pay refers to the exact amount of a paycheck, what is available before federal and state taxes are taken out, along with other incidentals. Gross is what you actually earned in a pay period; NET pay is what you receive after all deductions.
2006-09-02 08:11:30 · answer #2 · answered by ensign183 5 · 1⤊ 0⤋
It is how much you are paid before you get taxed
if your gross pay is $100 and you get taxed $20 you have a NET pay of $80
you never actually recieve your GROSS pay, your boss pays the TAX to the government and you recieve only the NET pay =(
2006-09-02 08:10:48 · answer #3 · answered by angle_of_deat_69 5 · 0⤊ 0⤋
Gross pay is what your earnings are BEFORE any deductions are taken out for social security, taxes, insurance, etc.
So if you have an annual salary of say, $36,000, your gross monthly pay is $3000. Your take-home pay, or net pay, will likely be a smaller amount assuming you're having taxes taken out.
2006-09-02 08:09:47 · answer #4 · answered by Gary S 2 · 0⤊ 0⤋
Gross pay is your wage times the hours you work.
Net pay is the amount of money you take home in your paycheck after deductions (taxes, etc.) are taken out.
2006-09-02 08:07:53 · answer #5 · answered by Mr. G 6 · 0⤊ 0⤋
Your total pay before taxes taken out
2006-09-02 08:08:59 · answer #6 · answered by simple one 3 · 0⤊ 0⤋
gross pay is your hourly wage times your hours worked , before any deductions are taken out such as insurance or taxes
2006-09-02 08:12:29 · answer #7 · answered by russ k 1 · 0⤊ 0⤋
Total pay before taxes.
2006-09-02 08:08:01 · answer #8 · answered by funkyourcouches 2 · 0⤊ 0⤋
if you are worker, gross pay is the total money you will get before paying tax.(total hours * money/per hours)
if you are the company ,gross pay is equal by sale(total revenuve) - total expense include workers' salary,rent buliding,elecric.....except tax(pst..)
2006-09-02 08:18:16 · answer #9 · answered by pham duc chinh 1 · 0⤊ 0⤋
Before taxes are taken out
2006-09-02 08:08:11 · answer #10 · answered by Anonymous · 0⤊ 0⤋