Gross Pay. Ew.

Gross pay vs Net pay. Bet you’ll never forget which one’s which now.

Gross income is your total salary. It’s what you earn before taxes, benefits, and withholding.

Net income is your compensation after income taxes, insurance payments, contributions to retirement accounts (very important!!), Social Security, unemployment, & Medicare payments (the blasted FICA and FUTA), and any other legal obligations. It’s how much of the pie you get after everything is taken out. Remember, most of those withholdings are benefits that you get back in some way other than straight cash.

Continue reading

You’ll like these ramblings on money too:

Search blog posts:

Wisconsin CERTIFIED FINANCIAL PLANNER™ professional and educator Sarah Paulson


Meet Sarah Paulson, your

Although I’m a born-and-raised Wisconsinite – living in Appleton, Wisconsin –

I consider myself more of a world citizen.

True story: once when going through international customs in Amsterdam, the officers asked why they couldn’t find a Dutch residency permit in my American passport.

I bring a big world picture to my money management advice so you can view the wider world, too.

All written content on this site is for information purposes only.
Opinions expressed herein are solely those of Valkyrie Financial, unless otherwise specifically cited.

Read full disclaimer →


Submit a Comment

Your email address will not be published. Required fields are marked *

Pin It on Pinterest

Share This