Gross-up
Gross-Up: Definition and Application A gross-up refers to the additional amount an employer adds to an employee’s compensation to account for taxes the employee would otherwise owe. This ensures the employee receives a predetermined net amount after taxes are deducted. Gross-ups are commonly used in executive compensation but can also apply in various other scenarios. […]
Gross pay
Gross Pay: What It Is and Why It Matters Gross pay, sometimes called gross wages or gross income, represents the total amount an employee earns from their employer before any deductions are applied. This includes either a salaried amount or an hourly wage and reflects full earnings for a given pay period. A Closer Look […]
Gross misconduct
Gross Misconduct: Definition and Key Insights Gross misconduct refers to actions by an employee that are so serious they justify immediate dismissal without prior warnings. These behaviors represent a major breach of workplace rules and ethics and may include theft, fraud, acts of violence, harassment, or blatant insubordination. Understanding Gross Misconduct in the Workplace While […]
Gross earnings
Gross Earnings: Definition and Explanation Gross earnings represent the total income an employee earns over a given pay period before any deductions, such as taxes or benefit contributions, are applied. It reflects the full amount of compensation earned by an individual, household, or business within a specified timeframe, typically monthly, quarterly, or annually. A Closer […]