How to Calculate Gross Pay
There are two formulas for calculating gross pay, one for hourly employees and one for salaried employees. Hourly gross pay is an employee’s hourly rate multiplied by hours worked. Salary gross pay is an employee’s annual salary divided by the number of pay periods. To find net pay, simply subtract tax deductions from gross pay.
Check out this article for more on gross pay and net pay in the payroll process.
