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Gross pay is equal to your salary minus any automatic (non-taxable) deductions such as health insurace and 401K deductions.

True Gross pay equals your total salary.

Example:

An employee gets paid $10 per hour and works for 40 hours. They also have insurance and 401K deductions of a total of $49.80 automatically deducted.

Gross pay = $ 350.20 (40 x $10.00 - $49.80)

True Gross pay = $400.00 (40 x $10.00)

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โˆ™ 2009-10-15 18:20:05
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Q: What is the difference between true gross income and gross income?
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