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liq [111]
3 years ago
10

3. What is the key difference between Net Pay and Gross Pay?

Business
1 answer:
Step2247 [10]3 years ago
6 0

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.

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At an auction sale, the buyer is the party making the offer, or bid. <br> a. True <br> b. False
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When the price of candy bars decreased from $0.55 to $0.45, the quantity demanded changed from 19,000 per day to 21,000 per day.
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Answer:

The answer is -0.5

Explanation:

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3 years ago
Jake has plans to go to an opera and already has a $100 nonrefundable, nonexchangeable, and nontransferable ticket. Now Megan, w
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2 years ago
Alan Jackson invests $20,000 at 8% annual interest, leaving the money invested without withdrawing any of the interest for 8 yea
kondaur [170]

Answer:

a. $32,800

b. $37,019

c. $37,460

Explanation:

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Accumulated amount of money = Invested amount + (Rate of interest × Number of years)

= $20,000 + ($20,000 × 8% × 8)

= $32,800

b. The computation of Total Amount Withdrawn by Alan when annually Compounded is shown below:-

Accumulated amount of money = Invested amount × (1 + rate of interest)^Number of years

= $20,000 × (1 + 0.08)^8

= $20,000 × 1.85093

= $37,019

c. The computation of Total Amount Withdrawn by Alan when semi annually Compounded is shown below:-

Accumulated amount of money = Invested amount × (1 + rate of interest × Number of years ÷ 200)^16)

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= $20,000 × 1.87298

= $37,460

Therefore we have applied the above formulas.

5 0
3 years ago
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