What Is Gross Earnings. In this article, we explain what gross pay is, how it differs from net pay Gross pay is the total amount of money an employee receives before taxes and deductions are taken out. Gross earnings, also known as gross income, represents income before taxes or adjustments.
Also called gross income, gross earnings are income before taxes or adjustments. How the term is defined also depends on certain tax laws that may vary by region and by who is inquiring about what is earned. Gross income refers to the total income earned by an individual on a paycheck before taxes and other deductions.
Gross earnings of the company refer to the amount left over out of the total revenue generated by the company from the sale of its goods during a particular accounting period after deducting the cost of the goods sold but before deducting the other expenses.
It's what you get to take.
Gross income refers to the total income earned by an individual on a paycheck before taxes and other deductions. An individual person, business or company's taxable income before deducting expenditures (credits and taxes). How you calculate an employee's gross pay will depend on if you pay them hourly wages or a salary.