Question: What is the difference between gross pay and net pay? Net pay is always larger than gross pay. Net pay is before taxes and deductions

What is the difference between gross pay and net pay? Net pay is always larger than gross pay. Net pay is before taxes and deductions are subtracted; gross pay is your take-home pay. There is no difference between gross and net pay O Gross pay is before taxes and deductions are subtracted; net pay is your take-home pay

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!