2006-10-14 03:26:57 · 5 answers · asked by inthecrossfire 2 in Business & Finance ➔ Personal Finance
Any time you see "gross" and "net", gross means the total amount paid out and net means the amount actually reaching you, or whoever's getting it. Costs are deducted, taxes, contributions, maybe more, from "gross", whats left, what is actually paid, is net.
2006-10-14 03:30:02 · answer #1 · answered by jxt299 7 · 1⤊ 0⤋
Gross rate refers to the total before taxes. Net rate refers to the true amount.
2006-10-14 10:30:36 · answer #2 · answered by Willie 2 · 0⤊ 0⤋
Gross rate is before any tax deduction net after deduction of tax(if any)
2006-10-14 10:29:17 · answer #3 · answered by atlsmkdr 2 · 0⤊ 0⤋
Gross before subtracting taxes
Net after subtracting taxes
2006-10-14 10:35:11 · answer #4 · answered by Anonymous · 0⤊ 0⤋
Before and after taxes
2006-10-14 10:29:19 · answer #5 · answered by Anonymous · 0⤊ 0⤋