Gross pay includes 100% of the wages, reimbursements, commissions and bonuses an employee earns in a given pay period. Net pay includes gross pay minus payroll deductions, ...

Here's how net pay works and its difference from gross pay. It's important to keep track of how much you've earned throughout the tax year. $3,500 iPhone possible?

Gross wages: This is the total amount earned for the pay period noted as pre-tax dollars. If the employee worked 15 hours at $20 per hour, their gross wages would be $300.

An individual's gross income is commonly the headline number for their annual pretax salary. Simply put, it's the earnings on your paycheck before taxes, health insurance deductions and other items.

Among 31 countries—including all EU member states plus Switzerland, Norway, Iceland, and Turkey—the take-home pay ratio (annual net earnings as a percentage of gross earnings) ranged from just ...