Gross pay is defined as the total amount of money an employee receives before taxes and deductions are taken out.
It is a person’s total earnings throughout a given period of time before any deductions are made.
Deductions like health insurance, retirement funds, mandated taxes,| and medicare contributions are not included while calculating gross pay.
The gross pay definition differs from that of net pay and taxable pay since it is not the take-home salary of an individual.
PhD Student at University College Dublin and Author at What's Insight
PhD Student who loves to write about science, technology and more. Studying at the University College in Dublin. Hope you enjoy my content.
Please send any feedback to [email protected]
Please send any feedback to [email protected]
Latest posts by Umair Javaid, PhD Student (see all)
- BCl3 Lewis Structure in four simple steps - November 1, 2023
- PH3 Lewis Structure in four simple steps - October 8, 2023
- PF3 Lewis structure in four simple steps - September 24, 2023
