950 - 118.54 = 831.46
gross income - (required deductions + optional deductions)
You add the deductions to the take home pay to get the gross pay. $743 + $25 + $5 + $27 = $800.00
Net to Gross Paycheck Calculator This calculator helps you determine the gross paycheck needed to provide a required net amount. First, enter the net paycheck you require. Then enter your current payroll information and deductions. We will then calculate the gross pay amount required to achieve your net paycheck. This calculator has been updated to use the new withholding schedules for 2010.
Take to gross weekly earnings and divide by 40 if you have the monthly salary (exculding deductions as above ) divide the monthly gross income by 160 (which is 40 hours per week times 4)
The gross income of Ginger Hughes is $215 per week. Her deductions are: $15.16, FICA tax; $29.33, income tax; 2% state tax; 1% city tax; and 3% retirement fund. What is her net income?
Gross salary means the total salary BEFORE any deductions are taken, so the answer is no deductions.
Your GROSS pay is before any deductions. Compute deductions, subtract them from your gross pay, and get your NET pay- that is how much you get to take home.
The gross price would be the price before deductions. The net price is after deductions.
Gross Income - Above the Line Deductions = Adjusted Gross Income - (Deductions +Exemptions)= Taxable Income
Gross Income - Above the Line Deductions = Adjusted Gross Income - (Deductions +Exemptions)= Taxable Income
gross income - (required deductions + optional deductions)
gross pay
Net pay = gross pay - deductions. Or in percentages: Net pay = gross pay x (1 - percentage of deductions / 100) If you have any two of these, you can solve the third. For example, in the last formula: gross pay = net pay / (1 - percentage of deductions / 100)
Gross income.
Gross
Gross. It's what you earn before any deductions.
Gross income is all monies earned and received before deductions. ( taxes, EI, Union Dues, etc ) After deductions it is considered Net income.