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Is the percent margin of wages taken from the gross or nett?
gross
What does Nett Monthly Account mean?
Nett Monthly Account - Payment due on last day of the month following the one in which the invoice is dated
Is gross pay less than net pay?
No. Gross pay is the amount before tax, and Nett is the amount after tax has been deducted, so nett is smaller than gross. There is a similar theme in tins of beans. The gross weight is that with the weight of the tin included, the nett the weight of the beans themselves.
What does 31 days nett payment mean?
It's a payment term meaning: payment due 30 days from the end of the month in which the invoice is raised.
How do you Convert net to gross?
37800 You add the mass of the containing vessel (whether it be a truck, a car, a ship, a tin can or a cardboard box) to the nett mass of the ingredients or cargo etc. Example: 10 litres of water: 10 kg nett. Container = 1 kg Gross mass = 11 kg.
