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Yoon Young
What does mean "net of applicable withholding taxes" ?
Your salary, "net of applicable withholding taxes", will be paid $100,000 per year.
What does mean "net of applicable withholding taxes" ?
2013년 12월 5일 오전 1:31
답변 · 4
1
Frank's description of gross and net is quite right.
But 'Net of ...' is not a phrase I have ever heard. It sounds very ambiguous to me i.e. it could mean either.
It would also be very unusual (here at least) to specify a net pay, rather than a gross pay.
If you are going to base a decision of a job on that, I would definitely ask to have that clarified!
2013년 12월 5일
It means that actual pay will be $100,000, but the gross pay will be $100,000 + applicable withholding tax.
Let's say withholding tax is $25,000. The gross pay would be $125,000, which would leave $100,000 after withholding tax is taken out.
2013년 12월 5일
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