Gross pay refers to the total earnings an employee receives before any deductions such as taxes, superannuation contributions, or health insurance premiums are applied.
This figure includes base salary, overtime pay, bonuses, and other allowances.
For example, if an employee earns $50,000 annually but also receives $5,000 in bonuses during the year, their gross pay would total $55,000.
Understanding gross pay is essential for both employees and employers when calculating net pay and budgeting for payroll expenses.
