M-A-D Prison Ministry

What is Gross and Net Wage?

http://www.answers.com/Q/What_is_gross_and_net_wage

 

Gross wage is how much you made before anything is taken out of your pay check. Say you make $10/hr, you work 40 hours a week, your weekly gross wage will be $400.
 

Net wage is what you actually get after all your taxes, insurance, and retirement are taken out. So lets just ball park all of your taxes are 25% of your gross pay...
400 x .25 = 100
400 - 100 = 300.

So your Net wage after taxes would be $300. That is what you get to spend.