answersLogoWhite

0

Pay including all benefits is called a gross pay. However, after deductions carried, it may be termed as "NET" pay or 'take home salary'.

User Avatar

Wiki User

16y ago

What else can I help you with?

Related Questions

What do you call the number of withholding allowances a worker claims?

The number of withholding allowances a worker claims are called deductions. Gross pay minus deductions is equal to net pay.


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.


What is the difference between gross pay and net pay?

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


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 is a gross income minus deductions?

It gives net income.


Does gross pay includes the overtime and bonus payments?

Gross pay is what your pay is before tax deductions.


What does net pay mean on the payslip?

Net paycheck could also be referred to as your take-home pay. That is your actual payroll amount (Gross earnings) minus deductions like health insurance and taxes.


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.


What is difference between gross pay and net pay?

Gross pay amount is without any deductions while net pay amount is after adjusting the required tax or other deductions.


What is greater gross pay or net pay?

Gross. It's what you earn before any deductions.


What is the difference between gross pay and net after tax incomes?

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


What is gross income minus any adjustments deductions and exemptions?

taxable income :)

Trending Questions
What is the journal entry of deposited 90000 in bank and contributed a system library valued 39000 to start a business? The reasons for keeping accounting record? Basic accounting equation? If an independent executive of an estate is paid 6300 dollars does she have to pay taxes on that? What are the five assumptions of break even analysis? Are lost wages taxed in settlement in NJ? What is meaning of Minimum Alternative Tax? What is direct service provision? What do you need to have with you when depositing a cheque into your personal account without a pay in book? How you use golden rule in tally? Where do you send form 941 without payment for GA? When sales are made on credit the firm must carry the costs of production for an extended period of time? Where does the date in a business letter go? Edgar Anderson earns 200 a week plus a 15 percent commission on all sales over 1000 if Mr andersons sales for one week are 2500 what is his gorss pay for that week? How can the allowance for doubtful accounts be used to assess earnings quality? When you file for the federal tax refund do you file the state tax refund separately or on the same form 1040 with schedule a? What it the consequence for credit risk? Didn't file income tax for 2008 can you still get a refund? If you buy 1000 shares of a stock with a 10 Commission and then sell 100 of it with a commission of 10 and then sell 900 later with a 10 comission what is the cost basis of the 100 and 900 shares sold? What firm's current liabilities?