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Gross wages

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA MA – FIA FMA › Gross wages

  • This topic has 1 reply, 2 voices, and was last updated 4 years ago by John Moffat.
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  • December 28, 2020 at 10:03 am #601044
    applessauce
    Member
    • Topics: 85
    • Replies: 65
    • ☆☆

    Sir are basic wages and gross wages the same thing?

    If so then why is gross wages including overtime

    December 28, 2020 at 1:32 pm #601056
    John Moffat
    Keymaster
    • Topics: 57
    • Replies: 54701
    • ☆☆☆☆☆

    A person may have a normal pay rate of $10 per day. That is their basic pay.

    Some days they may work overtime and be paid more as a result. The total paid is their gross wage for that day.

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