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
Look it up..... You have to read something in order to answer something... Duuhhh.... But its gross pay is net pay minus deductions.
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.
Gross pay is the amount without deducting any withholding tax or deduction at source i.e; comapies are bound to duduct the taxes on salary of employer at the time of payment and that pay after deduction of taxes is called net pay.
Gross is your total pay. The Net is what is left after all of the deductions. ie FICA, Fed Tax, State Tax, and any Medical Insurance you may have.
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
withholdings
Look it up..... You have to read something in order to answer something... Duuhhh.... But its gross pay is net pay minus deductions.
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.
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.
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.
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".
Knowing the difference will allow you to develop a realistic budget based upon your take-home pay.
Gross pay is the amount without deducting any withholding tax or deduction at source i.e; comapies are bound to duduct the taxes on salary of employer at the time of payment and that pay after deduction of taxes is called net pay.
Gross is your total pay. The Net is what is left after all of the deductions. ie FICA, Fed Tax, State Tax, and any Medical Insurance you may have.
Gross profit is the total money you made. Net income is what is left of that money after you pay all your expenses: Heat, light, employee salaries, insurance, etc.
can u pls give me the difference between basic and net pay