BACHELOR OF BUSINESS ADMINISTRATION

Detailed explanation-1: -Annual gross income or the annual gross salary is the sum of all the amounts an employee is entitled to and was paid during the period. The gross salary includes fixed, direct components such as basic pay, and allowances like HRA. Variable elements such as bonuses and incentives are a part of the gross salary too.

Detailed explanation-2: -Gross pay is what employees earn before taxes, benefits and other payroll deductions are withheld from their wages. The amount remaining after all withholdings are accounted for is net pay or take-home pay.

Detailed explanation-3: -For hourly employees, gross wages can be calculated by multiplying the number of hours worked by the employee’s hourly wage. For example, an employee that works part-time at 25 hours per week and receives a wage of $12 per hour would have a gross weekly pay of $300 (25x12=300).