answersLogoWhite

0

Net = Amount after tax is deducted (Amount minus tax)

Gross = Amount before any tax is deducted

User Avatar

Wiki User

17y ago

What else can I help you with?

Continue Learning about Accounting

Where could one go online to find information regarding Net Assets?

One could go online to find information regarding Net Assets from several different places. One of the places in which one can go online to find information regarding Net Assets is Forbes.


What are after tax contributions?

After-tax contributions are contributions that come out of your net pay, rather than the gross pay. They have already been taxed and will not be required to be taxed again however, the earnings on after-tax contributions are subject to taxes and penalties.


What is the meaning of Net 7 terms vs Net 30 Terms?

Net 7 terms mean that payment is due within seven days of the invoice date, while Net 30 terms indicate that payment is expected within thirty days. These terms are commonly used in business transactions to set clear expectations regarding payment timelines. Shorter payment terms, like Net 7, can help improve cash flow for suppliers, while longer terms, like Net 30, provide buyers with more time to manage their finances.


Is insurable earnings the same as net pay?

No, insurable earnings are not the same as net pay. Insurable earnings refer to the portion of an employee's income that is subject to insurance premiums, usually for benefits like unemployment or workers' compensation. Net pay, on the other hand, is the amount an employee takes home after all deductions, including taxes, retirement contributions, and other withholdings. While there may be some overlap, the two figures serve different purposes in payroll and insurance contexts.


What is saln meaning?

statement of assets, liabilities and net worth

Related Questions

What is the meaning of 'push net'?

The meaning of 'push net' is a small triangular net which is used for purposes of fishing. It has a rigid frame and is pushed at the bottom of the water body so as to catch fish.


What is the meaning of net as in fishing net?

it is the net you use to catch the fish in


What is meaning of net in dot net?

The net in .net means either interNET or NETwork


Where could one go online to find information regarding Net Assets?

One could go online to find information regarding Net Assets from several different places. One of the places in which one can go online to find information regarding Net Assets is Forbes.


Who can use .net as a domain?

The .net domain is primarily intended for organizations involved in networking technologies, such as internet service providers and other infrastructure-related businesses. However, it is open for registration to anyone, meaning individuals, businesses, and organizations of all types can use .net for their websites. This flexibility allows users to choose .net for a variety of purposes, even if they don't directly relate to networking.


Is mathematics a subject of net?

off courses Mathematics is a subject of UGC NET for more information regarding it's syllabus you can visit the UGC site or for latest updates and other information regarding UGC NET here si a useful link for you


Where can one find information on Net Credit Sales?

One can find a lot of information regarding Net Credit Sales from many financial institutes and businesses and Ask also has information regarding this topic.


What are after tax contributions?

After-tax contributions are contributions that come out of your net pay, rather than the gross pay. They have already been taxed and will not be required to be taxed again however, the earnings on after-tax contributions are subject to taxes and penalties.


What is the meaning of com and net?

In domain names .com = commercial .net = network


What is the ratio of taxes to net income?

The answer depends on the country that you are domiciles in, for tax purposes.


What is the Meaning of slang BOT on net?

bot


What is the meaning of net in computing expenses?

network