How is net pay different from gross pay

Answer by Guest

Gross Pay: how much you earned in total before taxes

Net Pay: how much money is received after taxes have been withdrawn.

Answer by Guest

Answer:

Step-by-step explanation:

Gross pay is the total amount of money you get before taxes or any other deductions are subtracted from your salary.

Net pay is the amount of pay remaining for issuance to an employee after deductions have been taken from individual's gross pay.

Gross pay = Net pay + deductions

Net pay = Gross pay - deductions

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