Let's say your employer agrees to pay you $1000 per month, and then (for example) 20% of that is deducted for taxes and social benefits, so you only get $800.
The gross salary is the salary before the deductions. In the above example, 1000.
The net salary is after the deductions. In the example, 800.
Gross = Before TaxesNet= After Taxes
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
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Gross salary is the headline salary that an employee is paid prior to any deductions. Net salary is what is actually paid into the employees bank account after deductions, the deductions could include some of the following: * Taxation * National Insurance * Pension Contributions * Union Subscriptions * Student loan repayments For exmple a job might be advertised as paying £20,000 pa, this is the gross salary, however after deductions the employee might receive £14,000 pa, this is the next salary
what is your dads name
gross salary=net salary+deduction
This is termed as your "Gross Salary" or "Net Salary".
Gross margin is Gross income as a percentage of revenue. Net Margin is net income as a percentage of revenue.
can u pls give me the difference between basic and net pay
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
Gross = Before TaxesNet= After Taxes
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is net invesment = gross investment - depreciation
Gross salary is the headline salary that an employee is paid prior to any deductions. Net salary is what is actually paid into the employees bank account after deductions, the deductions could include some of the following: * Taxation * National Insurance * Pension Contributions * Union Subscriptions * Student loan repayments For exmple a job might be advertised as paying £20,000 pa, this is the gross salary, however after deductions the employee might receive £14,000 pa, this is the next salary
well there is no difference
What is the difference in Net and gross pricing in construction?
what is your dads name