2007-08-01 04:11:56 · 4 answers · asked by Anonymous in Business & Finance ➔ Careers & Employment ➔ Other - Careers & Employment
Gross earnings are what you are getting paid before any deductions come out (taxes, insurance, social security etc.) If you are getting a 1099 (instead of a W-2) keep in mind that you will have to pay both halves of the Social Security and Medicare tax (known as self-employment tax) which will cost you 15.3% (instead of the 7.65% you pay when you're a W-2 employee)
The amount of your paycheck is your Net earnings.
2007-08-01 04:23:55 · answer #1 · answered by Michael K 5 · 1⤊ 0⤋
Gross earnings are before tax and any other deductions
Net earning are after tax and all other deductions
2007-08-01 11:18:18 · answer #2 · answered by Anonymous · 0⤊ 0⤋
Gross - before taxes
Net - after taxes
2007-08-01 04:15:03 · answer #3 · answered by cindy k 1 · 0⤊ 0⤋
before taxes
2007-08-04 11:31:59 · answer #4 · answered by cheri h 7 · 0⤊ 0⤋