Gross up,
Definition of Gross up:
To increase a net amount to include deductions, such as taxes, that would be incurred by the receiver.
This term is most frequently used in terms of salary; an employee can receive their salary grossed up, which means that they would receive the full salary promised to them, without deductions for tax.
How to use Gross up in a sentence?
- ABC Company offered to gross up John Smiths salary in order to retain him as a valued employee in their widget department.
- I didnt like that it would be a gross up , because then it would all have to be incurred by the receiver, which was me.
- We suggested that he gross up the report to be more meaningful as we were at a critical stage in the project.
Meaning of Gross up & Gross up Definition
