You may find your job fulfilling, but at the end of the day, you work to earn a living. That income provides a roof over your head and food on your table. Discover More: Salary Needed To Achieve ...

For an hourly employee, wages can include breaks, on-call time, overtime, travel time and training. Gross pay is the starting point for all calculations related to employee compensation and taxes.

Now, let’s say they worked a 40-hour week for 52 weeks throughout the year. With an hourly rate of $28, their annual gross pay would be $58,240. What is net pay or take-home pay?