Gross usually refers to the 'total in' e.g. total money that was earned or the whole weight of a packet of biscuits as it appears on the shelf. Net refers to the overall gain, e.g. the net profit is the total money earned minus the money spent during that time or the weight of just the biscuits without any packaging.
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You DO NOT EVER HAVE ANY AMOUNT WITHHELD FROM YOUR NET TAKE HOME PAYCHECK. From your gross pay wages this amount would depend on the information that you entered on your W-4 form that you filled out correctly and gave to your employer payroll department. You should ask the employer payroll department for the answer that you think you need for this question as they would would be the only one that would know the correct amounts of all of the different withholding amounts that they will be required from your gross wages NOT from your NET take home pay check.
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In accounting, the deduction of a payment made by a debtor from an amount due. In the General Journal Entry window, you enter credits in the Credit column. An example would be if the electric company gave your business a $50 credit off your bill (instead of a $500 bill, you would have a $450 bill).
they gave me code 1301 what does it mean
he gave me a 100 dollar cheque