Grossing Up defined: Grossing up is 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.
Above is a definition for “Grossing Up” from PrivCo’s Private Company Knowledge Bank, the definitive online and e-book guide to private companies and private company deals.
Augment your research. Uncover opportunities. Close deals.