Answer:
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Answer:
B- Net pay is the total amount of money you get AFTER taxes are deducted.
Explanation:
Gross pay is earning an individual gets before any deductions are made. It is comprised of the time or piecemeal rate, allowances, bonus, commissions, and any other benefits that an individual is entitled to.
Net pay is the take-home earning. It is pay that has been subjected to taxation and other deductions. To a salaried employee, net pay is the amount that gets to his or her account. In other words, net pay is gross pay minus taxes and other deductions. Usually, the gross pay amount is higher than the net pay.
It is penetration pricing that is illegal in the United States and many other countries<span>. So B is the correct answer</span>
Answer:
It will take 3 years and 66 days to pay for the initial investment.
Explanation:
Giving the following information:
Cash flows= $615 for 8 years
Initial investment= $1,750
<u>The payback period is the time required to cover for the initial investment.</u>
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Year 1= 615 - 1,750= -1,135
Year 2= 615 - 1,135= -520
Year 3= 615 - 520= 95
Exactly:
(95/520)= 0.18*365= 66
It will take 3 years and 66 days to pay for the initial investment.
