LizzieDinardi949 LizzieDinardi949

21-05-2015
Mathematics

Answered

What is the relationship between gross pay and net pay

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wazuppeople1 wazuppeople1

21-05-2015

Gross Pay - The very top number on your paycheck. Your salary or hours multiplied by pay rate.

Net Pay - Gross Pay less everything taken by everyone else. Normally, the "taken" part is restricted to "involuntary" taking. Taxes and things. If you are having a loan payment taken from your paycheck, that doesn't count.

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