gross pay
"Gross pay" is crucial for understanding employee compensation and tax calculations.
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Definition
B2Payroll
(technical)Total earnings of an employee before any deductions like taxes or benefits.
Example
- Her gross pay for the month was $5,000, but after deductions, she took home $4,200.
B2Accounting
(technical)The full amount of wages, salaries, bonuses, and other compensation before deductions.
Example
- When calculating taxes, the accountant considered the gross pay of all employees.
Similar
Terms that have similar or relatively close meanings to "gross pay":
gross incomepay gradeholiday payin grossback paygross weight