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.
Gross Pay Definition| Is It Take Home Salary?
