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the total gross pay plus tax deduction
Gross pay is the amount without deducting any withholding tax or deduction at source i.e; comapies are bound to duduct the taxes on salary of employer at the time of payment and that pay after deduction of taxes is called net pay.
You will have to use the computer program correctly and enter the gross pay and all of the necessary deduction amounts from your gross pay to come up with your net PAY. 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 that 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 wages (earned income) your paycheck will be issued for the net amount of your earning (wages).
If I remember right, gross pay is what you make before any thing such a taxes is taken from your pay and net is what you bring home on your check Gross wage is how much you made before anything is taken out of your pay check.Say you make $10/hr, you work 40 hours a week, your weekly gross wage will be $400.Net wage is what you actually get...
The payroll department at the source of the gross amount would have all of the information about what amounts will have to withheld from the gross pay for all of the Federal, State, taxes, etc that they are required to withhold from the gross amount at the source of the income.
Voluntar income deduction is money taken from your gross pay that you have control over.
the total gross pay plus tax deduction
Gross pay is the amount without deducting any withholding tax or deduction at source i.e; comapies are bound to duduct the taxes on salary of employer at the time of payment and that pay after deduction of taxes is called net pay.
gross salary=net salary+deduction
You will have to use the computer program correctly and enter the gross pay and all of the necessary deduction amounts from your gross pay to come up with your net PAY. 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 that 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 wages (earned income) your paycheck will be issued for the net amount of your earning (wages).
If I remember right, gross pay is what you make before any thing such a taxes is taken from your pay and net is what you bring home on your check Gross wage is how much you made before anything is taken out of your pay check.Say you make $10/hr, you work 40 hours a week, your weekly gross wage will be $400.Net wage is what you actually get...
The payroll department at the source of the gross amount would have all of the information about what amounts will have to withheld from the gross pay for all of the Federal, State, taxes, etc that they are required to withhold from the gross amount at the source of the income.
Gross income -apex Financial Literacy
Gross pay is the pay you get before any deductions and what you actually get to take away is the net pay. Deduction may include: tax, national insurance (UK), payments on court instruction (eg maintenance if you've been misbehaving), charitable donations from pay, repayment of loans from employer.
It is a Gross salary which have no any deduction such as EOBI,PF,and medical. when it deduction from gross salary is called net salry. Regards,umar shahzad Gujjar M.COM
A deduction on your income tax return would reduce your taxable income on your 1040 income tax return and reduce your federal income tax liability. An income tax deduction amount from your gross pay would be a prepayment of any future federal income liability you may have after your income tax return is completely at the end of the tax year and if enough is deducted from your gross pay you could end up receiving a refund of some of the withheld income tax amount.
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