Gross salary
The term 'sueldo bruto' in Spanish translates to 'gross salary' in English. This is a term commonly used in business and finance that refers to the total income one earns before any deductions such as taxes, insurance, and social security contributions are taken out. Apart from employment, it can also refer to the total revenue or sales of a company before deducting any business expenses or taxes. It is a significant term as it provides an essential understanding of an individual's or business's initial earnings.
The gross salary is the total amount we earn before taxes.
This phrase explains the concept of gross salary in a financial context, indicating that it refers to the total earnings of an individual before any deductions.
It is important to know the gross salary to calculate the deductions.
Here, the importance of knowing the gross salary is emphasized, as it serves as the basis for determining various deductions, such as taxes and social security contributions.
The gross salary can vary depending on experience and industry.
This phrase highlights that the gross salary is not fixed and can change based on factors like the employee's experience level and the specific industry in which they work.