Business terms and jargon explained. Your business dictionary
What is Gross Pay
Gross pay is the gross amount in a weekly/monthly payslip or the yearly amount BEFORE taxes and deduction. This is NOT the amount the employee receives as tax is deducted by the employer before a payment can be made to the employee.
Knowledge is the key to success. That is why we have gone to great lengths to get you these business terms, and to explain them in Plain English so it is very easy to understand. Getting the right understanding and knowing your business jargon will keep you informed among your peers.