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

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โˆ™ 2012-05-16 13:43:18
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Q: What is the difference between gross and net pay?
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Related questions

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 pay and net pay known as?

withholdings


What is the difference between gross pay and net pay?

It is taxes and benefits.Gross pay - taxes + benefits = net pay.


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

Gross pay is a persons pay that is including overtime, allowances and bonuses. Net pay is when it is totaled together and subtracting the gross pay from it.


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

It is known as 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.


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.


Why is there a difference between net and gross 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.


What is the differences between gross pay and net pay known as?

withholdings


What is the relationship between net and gross pay?

Gross pay is calculated before taxes are taken into consideration where net pay is the amount of money you make after tax.

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