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Gross of tax may mean that the price stated includes the tax portion.
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∙ 12y ago
Wiki User
∙ 10y agoyes
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What are the terms gross pay net mean?
Gross pay is pay before taxes have been deducted were net pay is after taxes.
Does annual income mean with taxes?
Annual income is gross salary before taxes. Net income is after taxes.
What does net of taxes mean?
It simply means what's left after tax is deducted from an amount. Net of tax = Gross Amount - Tax
What does gross income net of taxes mean?
It means your gross income minus the net tax deductions, the tax deductions as federal income taxes, state taxes, Fica, medicare, SUI/SDI. Other taxes are not included, such as, life insurance, charity, or debts that are taken automatic from your paycheck.
What you mean by gross pay and net pay?
gross pay= the amount a person is entitled to net pay= the amount a person is given after the deductions of different taxes and insurances.
What are the terms gross pay net mean?
Gross pay is pay before taxes have been deducted were net pay is after taxes.
How much is gross?
There are several meanings of gross. A gross is a dozen dozen ie 12 * 12 = 144 Gross can mean before adjustment for taxes and allowances. Gross can also mean too much or repulsive.
Does annual income mean with taxes?
Annual income is gross salary before taxes. Net income is after taxes.
What does net of mean?
Net of taxes refers the amount after taxes are deducted. To figure these out, take the total cash from a sale or gross profit and subtract the amount of taxes that were paid from it.
What does net of taxes mean?
It simply means what's left after tax is deducted from an amount. Net of tax = Gross Amount - Tax
What does gross income net of taxes mean?
It means your gross income minus the net tax deductions, the tax deductions as federal income taxes, state taxes, Fica, medicare, SUI/SDI. Other taxes are not included, such as, life insurance, charity, or debts that are taken automatic from your paycheck.
What is after taxes net or gross?
Net Income is after taxes.
What you mean by gross pay and net pay?
gross pay= the amount a person is entitled to net pay= the amount a person is given after the deductions of different taxes and insurances.
What is his gross pay?
the pay before taxes net pay is after taxes
Net income is equal to your gross income plus taxes?
That would do it for me, but unfortunately for me my net income is equal to my gross income minus taxes.
Which figure on your last paystub goes on your w-2 form the gross ytd or net ytd earnings?
Your gross YTD goes on your w-2. This gross amount is before taxes, and the net is after taxes. The government is concerned with what you made prior to taxes. Your net is what you take home after your taxes come out.
Are taxes deducted from gross income or net income?
Gross income is generally your total income. Net income is what you actually end up with to pay your bills. Gross income minus taxes & other deductions (such as disability insurance) equals net income.
