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What is the important reason for know the approximate difference between gross pay and net pay?
Wiki User
∙ 13y ago
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.
Wiki User
∙ 13y ago
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