Gross Pay, Net Pay, and Deductions (HSC SSCE Mathematics Standard): Flashcards

Total earnings before any deductions

Take-home pay after all deductions

$\text{Net pay} = \text{Gross pay} - \text{Deductions}$

$9\%$ of wages

Pay As You Go tax deducted from each pay

Net pay always less than gross pay

Money regularly taken from wages

Investment fund for retirement

Current pay period amounts

Compulsory government charge for public services