Economics GCSE
Gross pay
What Gross pay means in Economics GCSE, as defined for AQA.
Definitions of Gross pay
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Reference: AQA
The total amount of money an employee earns before any deductions are made, including basic salary or wage plus bonuses, overtime or commission.
The total amount an employee earns before any deductions are made, including basic salary or wage plus bonuses, overtime or commission.
Calculated by adding basic pay, overtime, bonuses, and commission.
Topics that use Gross pay
- The labour market (AQA GCSE)
Related terms
- Deductions
- Derived demand
- Income Tax
- Labour market
- Labour markets
- Market equilibrium
- Net pay
- Price determination
Using Gross pay in the exam
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