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# What is the difference between gross and net pay known as?

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###### 2017-04-11 18:41:32

It is known as deductions.

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## Related Questions

difference between gross irrigated area and net irrigated area

Gross margin (also known as gross profit) is the difference between Net sales and Cost of goods sold: Net sales - Cost of goods sold = Gross margin Therefore, if you know Gross margin, add it to Cost of goods sold to get Net sales.

As far as my knowledge goes, the difference between net and gross values is that the gross value is the value before deductions, while net is basically after deductions from your gross value. Hope it helps!

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Gross profit is difference between revenues and direct expenses related to the product while net profit is the difference between gross profit and other operating indirect expenses.

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What is the difference in Net and gross pricing in construction?

A net ton is 2000 pounds. A gross ton is the weight of freight and the container that it is in.

The difference between a gross and net withdrawal from a fund has to do with how much money you will receive. The gross withdrawal is the amount taken out of your fund which includes fees that you will not get to keep, the net withdrawal is the amount you receive after the bank's fees and any others are taken out.

1. Net sales - cost of goods sold = Gross profit Gross profit / Net sales = Gross profit ratio

Look it up..... You have to read something in order to answer something... Duuhhh.... But its gross pay is net pay minus deductions.

Gross working capital is the amount company invested in current assets while net working capital is the difference between current assets and current liabilities.

Gross income is the difference between revenue and direct expenses while net income is the income from all activities of business whether oprating activities or other activities.

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