Let us begin with how net earnings are calculated. Net earnings are derived from gross earnings by deducting the employee's social security contributions and income taxes, and adding family ...

Gross income is your total earnings before any deductions are made. More information on basic pay, overtime and commission can be found in the National 4 Lifeskills Maths section on Income.

A financial document generated monthly and/or annually that reports the earnings of a company by stating all relevant revenues (or gross income) and expenses in order to calculate net income.

If trends in income inequality continue, by 2035, the wealth of the richest 200 families will be larger than the whole UK Gross Domestic Product (GDP). Wealth inequalities tend to be wider than ...