What Is the Difference Between Net Pay and Gross Pay?

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Gross pay refers to the amount of money you receive before any deductions are taken out of your paycheck, while net pay is the amount of your pay after all your deductions, taxes, and payroll contributions have come out. On most paycheck stubs, the amount of your gross pay appears towards the top of the stub, while the net pay is located at the bottom of the stub (after a list of applicable deductions).