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From what i understand the Base Pay is what you will normally earn per week. The rate of pay is what you will get per hour. So if you were to work overtime than the wage would be worked out on the base rate multiplied by the hrs work.
Wiki User
∙ 14y ago
Wiki User
∙ 13y agoNo. They're not really even related all that closely. Base pay is generally used to refer to some minimum pay that you're guaranteed to get no matter what; that is, it doesn't include incentive bonuses, commissions, or the like.
Net pay is how much you actually get to take home after taxes are taken out.
Net pay can be either more or less than base pay (more if your pay is structured based mainly on commissions; less if you're getting a straight wage/salary with no commissions or bonuses).
Actually base pay is the RATE per period - hour,day,week. Net pay is the base minus all deductions for taxes, benefits, dues, etc.
Wiki User
∙ 14y agoJOb base pay is mostly used for skilled white collar workers while skilled base pay is mostly used for blue collar workers such as laborers and factory workers.
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What do net stand for?
net has several meanings: net pay is the same as take-home pay after all your deductions, net is used is sport like tennis or volley ball, then there is net like a network of people working for the same company.
Is base pay the same as hourly pay?
no, "base pay" is a set amount prescribed by the employer.
Will net pay be the same regardless of hours worked?
No, net pay will depend on the number of hours worked, except for employees on a fixed salary.
Do you pay tax on your gross income or net income?
You pay tax on your adjusted gross income. This is not quite the same thing as gross income, but it's definitely not net either.
How do you use the phrase net pay in a sentence?
Your net pay is what you get after you take out all of your expenses like taxes and insurance.My net pay is lower than yours.Taxes are based on your net pay.What will my net pay be on the new job?
Difference between gross and net volume?
Gross is what is made prior to all tax deductions. Net pay is the actual amount made. For instance if your check before taxes is $500 that is your gross pay. If after taxes it is $409 that is your net pay. The same can be applied to volume.
Does net net include taxes?
If looking at your pay stubs, you gross pay represents your total pay before taxes. The net pay is your pay after taxes.
Is the net pay same to the weekly pay?
Your net take home paycheck would not be the same amount as your gross pay for the week. You should get this information from your employer payroll department as they will be the one that would know how much FICA, federal income tax, state income, local taxes, etc they will have to withhold from your hourly pay or gross pay for the pay period. After the withheld amount for all taxes is subtracted from your gross pay your paycheck will issued for the net amount of your take home pay.
Are garnishments calculated by net pay or gross pay?
are garnishments calculated by gross pay or net pay
How much do hostage negotiator's earn an hour?
Their pay is based on the pay scale of the agency they work for, thus, their base pay will be the same as anyone else on the same pay scale.
What Payroll?
Payroll is a process to mange employees Salaries,Net pay tax deductions and their holiday pay. I know a web base solution of this problem with the name of "Simplepay".
If you get paid a salary income from a company is that amount gross pay or net pay?
Any salary a company pays you is always before taxes. So if a company offers $600/wk salary, that is before taxes. Your paycheck will reflect the net amount, and the net will be the same since you have the same gross for each paycheck.
