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Gross pay vs. net pay can take a little time to navigate, whether you're just starting your career or you're an established business owner. Understanding the relationship between each helps everyone get on the same page regarding paychecks, from the taxes being deducted to the actual take-home pay. If you're unsure what gross and net pay mean and are looking for a place to start, we've got you covered! Featuring insights from @NoelLorenzanaCPAa certified public accountant and OnPay expert contributor, this video provides an overview of how gross pay and net pay work together, their key differences, and what to keep in mind regarding deductions. 💰 For more resources on gross pay, net pay, and everything in between, check out the links below. What is gross pay vs. net pay? https://onpay.com/insights/gross-pay-... Learn about pre-tax deductions https://onpay.com/glossary/pre-tax-de... Learn about post-tax deductions https://onpay.com/glossary/after-tax-... Video chapters 0:00 Meet Noel 0:38 What is gross pay? 1:12 What is net pay? 1:33 Key differences between gross pay and net pay 1:51 Why this matters 2:17 Breaking down the deductions Follow OnPay Insights: https://onpay.com/insights/ LinkedIn: / onpay-inc Facebook: / onpayinc X: / onpay_payroll Instagram: / onpay_payroll ➡️ OnPay gives you everything you need to handle payroll, HR, and benefits with confidence. Get started for free today: https://onpay.com/payroll/software/ 💡 Did you find this video helpful? Subscribe to @OnPay_Payroll for more small business insights and share this video with fellow entrepreneurs who can use a hand. The content in this video is for informational purposes only. Please consult with a tax professional or financial advisor for specific guidance regarding your payroll, legal, or business needs. #payrollsoftware #payrollservices #payrollmanagement #payrolltax #payrollprocessing #smallbusinesstips #smallbusinessownerlife #payrollsystem #payrolltaxes