Gross up

Gross up,

Definition of Gross up:

  1. To increase a net amount to include deductions, such as taxes, that would be incurred by the receiver.

    This term is most frequently used in terms of salary; an employee can receive their salary grossed up, which means that they would receive the full salary promised to them, without deductions for tax.

How to use Gross up in a sentence?

  1. ABC Company offered to gross up John Smiths salary in order to retain him as a valued employee in their widget department.
  2. I didnt like that it would be a gross up , because then it would all have to be incurred by the receiver, which was me.
  3. We suggested that he gross up the report to be more meaningful as we were at a critical stage in the project.

Meaning of Gross up & Gross up Definition