In order to pay your employees correctly each pay period, you need to know how to calculate gross and net pay. Learn how to ...

Gross pay is the amount of money you earn before any payroll deductions are taken out of your paycheck. In contrast, your net pay is the amount of money you take home after deductions like taxes, ...

Gross income is the total of all income you receive before taxes. It’s also called pre-tax income. Net income is your income after taxes (or take-home pay). Your gross income figure will always be ...