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gross pay

   Also found in: Legal, Financial, Wikipedia 0.01 sec.

gross pay

Pay before deductions such as income tax and national insurance contributions. Net pay is pay after deductions.



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Fifteen of the 17 firefighters earned more in overtime pay than their base salaries, and two made more than $175,000 in OT that bumped their gross pay to more than $268,000 - about $5,000 more than their boss, Chief William Bamattre.
For example, if your gross pay is $10,000 a month, but after taxes your net equals $7,000, you'll need a disability insurance policy that provides about $5,000 a month.
The resources section offers access to calculators that can help determine net and gross pay or the future value of 401 (k) contributions.
 
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