Gross pay¶
Definition. Gross pay is the total amount an employee earns for a pay period before any deductions, such as tax, are taken out.
In plain English¶
Gross pay is the full amount before anything is subtracted. It is the headline figure at the top of a payslip, before tax and other deductions come off. What actually lands in the bank account, called net pay, is usually smaller.
Related lessons¶
General information only — not tax, super or financial advice.
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