Question

How is net pay calculated?Answer fast plz!!! 10 points!!!

Answer 1

Option A:

Net pay is gross pay minus deductions.

Solution:

To find how is net pay calculated:

Option A: gross pay minus deductions

Gross pay is the full salary without taxes.

Deduction is the taxes for the salary.

Net pay is the amount getting after deduction from the gross pay.

Net pay  = Gross pay – Deductions

It is true.

Option B: Income plus benefits

Net pay is the amount getting after deduction from the gross pay.

So, it is not included any benefits.

Hence it is false.

Option C: Gross pay plus benefits

All the employee benefits are already included in the gross pay.

So, it is not necessary to add the benefit again.

Hence it is false.

Option D: income minus gross pay

Income and gross pay are almost same.

So, if you subtract income from gross pay, you can't get anything.

Hence it is false.

Therefore option A is the correct answer.

Net pay is gross pay minus deductions.