are garnishments calculated by gross pay or net pay
Gross profits is generally the large number, due to the fact in most instances it is the complete profits earlier than accounting for deductions. Net earnings is normally the smaller number, as that is what left after accounting for deductions or withholding.
Gross pay is pay before taxes have been deducted were net pay is after taxes.
Gross pay is a persons pay that is including overtime, allowances and bonuses. Net pay is when it is totaled together and subtracting the gross pay from it.
No ... Net pay is what you get to take home after taxes. Gross pay is your salary before taxes.
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)
The difference between gross pay and net pay is that gross pay is the amount that you receive before tax deductions and pay net is the money you take home after all the tax deductions
The wages you earn are your gross pay. After taxes and everything else is removed from your paycheck, what remains is your net pay.
Generally, take home pay is net pay.
gross pay: the amount made before taxesnet pay: the amount after subtracting taxes and benefit from your gross pay