Gross Up

Gross Up
A practice usually in reference to an employer reimbursing a worker for the taxes paid on some portion of their income, usually from a one-time payment such as relocation expenses. In other words, if an employee is promised $5,000 for relocation expenses, the actual check might be issued for $6,500. This would leave the promised $5,000 after the required taxes had been deducted.

Grossing up can be one of those gifts that comes back to haunt you. Depending on how a company calculates the gross up, an employee may still end up owing money at tax time. To ensure that there are no surprises for the employee, the employer should use a tax professional to account for all the employee's income and deductions for the entire year, not just the amount of the check being grossed up.


Investment dictionary. . 2012.

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  • Gross — steht für: Gross SZ, Viertel der Gemeinde Einsiedeln in der Schweiz Groß (Hollabrunn), eine Katastralgemeinde von Hollabrunn Gross, ein andere Schreibweise für die Messeinheit Gros Gross Income, eine Bezeichnung für Nettohonorarumsatz Gross… …   Deutsch Wikipedia

  • gross — 1 / grōs/ adj [Middle English, immediately obvious, from Middle French gros thick, coarse, from Latin grossus] 1: flagrant or extreme esp. in badness or offensiveness: of very blameworthy character a gross violation of the rules of ethics a gross …   Law dictionary

  • Gross — Gross, a. [Compar. {Grosser}; superl. {Grossest}.] [F. gros, L. grossus, perh. fr. L. crassus thick, dense, fat, E. crass, cf. Skr. grathita tied together, wound up, hardened. Cf. {Engross}, {Grocer}, {Grogram}.] 1. Great; large; bulky; fat; of… …   The Collaborative International Dictionary of English

  • Gross — Gross, n. [F. gros (in sense 1), grosse (in sense 2). See {Gross}, a.] 1. The main body; the chief part, bulk, or mass. The gross of the enemy. Addison. [1913 Webster] For the gross of the people, they are considered as a mere herd of cattle.… …   The Collaborative International Dictionary of English

  • Gross — may refer to:* Gross (economics), before deductions (brutto) * Gross (unit), a counting unit equal to 144 * Gross examination, in anatomical pathology, identification of disease with the naked eye * Gross realm, in mysticism, the physical realm * …   Wikipedia

  • gross — [grōs] adj. [ME grose < OFr gros, big, thick, coarse < LL grossus, thick] 1. big or fat and coarse looking; corpulent; burly 2. glaring; flagrant; very bad [a gross miscalculation] 3. dense; thick 4. a) lacking fineness, as in texture …   English World dictionary

  • gross — [adj1] large, fat adipose, big, bulky, chubby*, corpulent, dense, fleshy, great, heavy, hulking, husky, lumpish, massive, obese, overweight, porcine, portly, stout, thick, unwieldy, weighty; concepts 773,781 Ant. skinny, slender, thin gross… …   New thesaurus

  • gross — ► ADJECTIVE 1) unattractively large or bloated. 2) vulgar; unrefined. 3) informal very unpleasant; repulsive. 4) complete; blatant: a gross exaggeration. 5) (of income, profit, or interest) without deduction of tax or other contributions; total.… …   English terms dictionary

  • gross up — To convert a net figure into a gross one for the purpose of tax calculation, etc • • • Main Entry: ↑gross * * * ˌgross ˈup [transitive] [present tense I/you/we/they gross up he/she/it …   Useful english dictionary

  • GROSS (M.) — GROSS MICHAEL (1964 ) Surnommé l’«Albatros» en raison des son envergure, le nageur allemand Michael Gross bat douze records du monde au cours de sa carrière. Il remporte trois titres olympiques (200 mètres nage libre et 100 mètres papillon en… …   Encyclopédie Universelle

  • Gross — Gross, NE U.S. village in Nebraska Population (2000): 5 Housing Units (2000): 1 Land area (2000): 0.130441 sq. miles (0.337841 sq. km) Water area (2000): 0.000000 sq. miles (0.000000 sq. km) Total area (2000): 0.130441 sq. miles (0.337841 sq. km) …   StarDict's U.S. Gazetteer Places

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