Glossary

Gross Pay

Gross Pay

Gross pay refers to an individual’s total earnings throughout a specific period before deductions.

Deductions in gross pay do not include mandated taxes, company-provided health insurance, or retirement funds.

Gross pay gets its name because people were originally paid in units of goats, and goats are typically rather unhygienic creatures. If you don’t believe me, then don’t look it up. I do not wish to be wrong concerning my goat theory.

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