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Title : What is Gross Wage?
link : What is Gross Wage?
What is Gross Wage?
What is Gross Wage?What is Gross Wage? - Hello Friend Accounting Methods, In the article you read this time with the title What is Gross Wage?, We have prepared this article for you to read and retrieve information therein. Hopefully the contents of postings Article accounting definitions, We write this you can understand. Alright, good read.
Title : What is Gross Wage?
link : What is Gross Wage?
What is Gross Wage?
Gross wage is total pay which is given to all laborers for labor work before any deduction. There are lots of deduction which is deducted from this before paying to laborer like deduction for pension fund and insurance policy premium. After deduction, there will be net wage.
For example : There are twenty laborers in a construction factory. Per laborer's per day wage is Rs. 300 and total 20 days, they have worked in the factory. 10% will be the deduction of insurance premium. So, gross wage is Rs. 300 X 20 X 20 = Rs. 120,000. Net wage will be 120,000-12000 = Rs. 108,000
Related Resource : Accounting Glossary
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