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a sum of money before any thing like taxes or insurances or pension funds are taken off, that is called ' gross salary" after all the deductions are taken off you have what is called "net salary" or take-home pay.
Ophelia Schroeder
Wiki User
∙ 14y agoa sum of money before any thing like taxes or insurances or pension funds are taken off, that is called ' gross salary" after all the deductions are taken off you have what is called "net salary" or take-home pay.
Wiki User
∙ 11y agoOf course it can. Gross salary is the amount of money made before taxes and other deductions. People whose salaries vary, such as salespeople or small business owners who pay themselves a salary may experience wide fluctuations from month to month.
Wiki User
∙ 14y agoGross pay means all your pay before any tax is taken out.
Net pay is your pay after any tax is taken out.
Shyanne Rasey
Wiki User
∙ 14y agoBefore deductions (tax etc.)
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Gross pay net pay?
gross pay: the amount made before taxesnet pay: the amount after subtracting taxes and benefit from your gross pay
Are garnishments calculated by net pay or gross pay?
are garnishments calculated by gross pay or net pay
Does gross pay includes the overtime and bonus payments?
Gross pay is what your pay is before tax deductions.
How do you work the gross pay out?
The gross pay out consists the total pay out that an individual could receive, without deductions coming from taxes, other benefits, etc. The gross pay out includes the individuals' basic pay + the benefits + deductions that will be rendered once the gross pay out is computed.
How do you solve monthly gross pay?
Net pay = gross pay - deductions. Or in percentages: Net pay = gross pay x (1 - percentage of deductions / 100) If you have any two of these, you can solve the third. For example, in the last formula: gross pay = net pay / (1 - percentage of deductions / 100)
What are the terms gross pay net mean?
Gross pay is pay before taxes have been deducted were net pay is after taxes.
What will be Gross salary of pay band 15600 with AGP 6000?
agp gross pay
What is the difference between gross and net pay known as?
withholdings
Is net pay always more than gross pay?
No ... Net pay is what you get to take home after taxes. Gross pay is your salary before taxes.
What is greater gross pay or net pay?
Gross. It's what you earn before any deductions.
When you earn a paycheck is it important to know how to compute the deductions to form your gross pay?
Your GROSS pay is before any deductions. Compute deductions, subtract them from your gross pay, and get your NET pay- that is how much you get to take home.
On 941 forms do you pay on gross or net wages?
gross?
