When people talk about pay...

Discussion in 'Questions From New Drivers' started by runawayload, Feb 16, 2013.

  1. MidwestResident

    MidwestResident Road Train Member

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    Excellent!!
     
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  3. Saddletramp1200

    Saddletramp1200 Road Train Member

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    I really don't know, you will have to ask my insurance agent.
     
  4. RickG

    RickG Road Train Member

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    If it's an O/O you can be sure it's gross . Ask about their net or reportable income for IRS and they'll start telling you about what a great tax person they have .
     
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  5. workin' for a livin'

    workin' for a livin' Bobtail Member

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    Feb 17, 2013
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    Depends. If its above $0 we are talking about gross if its below then it net.
     
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  6. sedain

    sedain Medium Load Member

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    it depends, net pay is a more practical representation of your pay because thats what ends up in your bank account, but gross is closer to your "total" compensation.. i have used both, but gross is what most people use when theyre talking about their pay.
     
  7. RickG

    RickG Road Train Member

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    Owensboro , KY
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    Net isn't a good indicator because the deductions are so variable - optional insurance , 401K , etc .
     
  8. Guntoter

    Guntoter Road Train Member

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    For O/O this is no joke. Your tax returns will usually show $250K or more gross and less than $10K net if you're doing it right. Many O/O's really have no idea the real amount they actually put in their pocket.
     
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  9. runawayload

    runawayload Light Load Member

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    Thanks. The question was not about deductions but more about when drivers say "I take home $800 a week" That $800, would it be NET or GROSS?

    Generally when I discuss my pay I use GROSS when I say how much I make a year "$50k", when I talk about my bi-weekly paycheck I use NET "$1400". These numbers are just generic.
     
  10. critters

    critters <b>Late For Dinner</b>

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    when i talk to a new driver i always talk take home first then talk how to get to that part of the money,this is not a get rich industry we all know that but a little honesty to the newbie's i hope will make for happier driver.I assume you asking for a reason about pay?
     
  11. Mousemaker

    Mousemaker Bobtail Member

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    Nov 5, 2012
    Denver
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    If your talking NET, what goes in my pocket, then I make $150/week. The rest are deductions for wife, mortgage, utilities, kids tuition, etc.
    So I work for $7,800/year.
    Is that what you're looking for?
     
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