In 1 to 2 sentences, describe which is greater, gross pay or net pay
Business · Middle School · Wed Jan 13 2021
Answered on
Gross pay is the amount of money (salary) that is given to an employee, before any taxes, pension fee, miscellaneous fee, and taxes are deducted. Generally, these are a large amounts of money, whereas, if taxes and fees will be deducted, it will now become the net pay, hence it is less than the original amount, considering all the fees that will be deducted from your original salary.
Final answer:
Gross Pay