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Answer: Gross salary is what you should see on your paycheck stub before taxes and voluntary deductions. Cost to the company is your gross salary plus their portion of taxes, workers comp, and unemployment insurance with any benefits they pay

its same

but 1 possible difference might be.. the gross salary and actual cost to employer are not same because of eventual tax saving..as wage and salary are normally as allowable expenses for tax purpose.

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13y ago
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11y ago

Anytime you see the term "net" before pay, income, etc, it's the balance of money earned after taxes are deducted. The term gross is the balance of money earned before taxes and other deductions, such IRA's, Insurance Plans, and other premiums and costs are deducted.

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9y ago

There are several differences between gross salary and basic salary. Basic salary is the agreed upon rate of pay discussed between employer and employee which does not include overtime or any other forms of extra compensation. Gross salary is the salary paid before taxes that include overtime pay, holiday pay, and shift differentials if applicable.

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14y ago

it';s poo

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Q: What is the difference in net pay and gross pay?
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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 the difference between gross and net pay known as?

withholdings


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.


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 the important reason for know the approximate difference between gross pay and net pay?

The difference isn't approximate. Gross pay is how much in total you have been paid. Net pay is the amount of money you have left after spending it. So for example, Your Gross pay each year is $200,000 but after taxes, bills, fun, and luxuries your net pay is $12,000 a year.


Difference between gross and net volume?

Gross is what is made prior to all tax deductions. Net pay is the actual amount made. For instance if your check before taxes is $500 that is your gross pay. If after taxes it is $409 that is your net pay. The same can be applied to volume.


Are garnishments calculated by net pay or gross pay?

are garnishments calculated by gross pay or net pay


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

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


What are the terms gross pay net mean?

Gross pay is pay before taxes have been deducted were net pay is after taxes.


Why is there a difference between gross and net income?

Gross pay is the number of hours times base hourly rate. Net is what is left after Insurance, FICA, Fed and State deductions. In other words, Gross is what you make, Net, is what you spend.


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 the difference between net and gross on a paycheck?

Your gross income is your income before anything is taken out. Your net income is your remaining income after deducting taxes and expenses--so on your paycheck, your net is your "take home pay".