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4 years ago

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

Business

1 answer:

Step2247 [10]4 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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Which action will be least helpful if you’ve been the victim of identity theft?

lina2011 [118]

<u>Ordering your latest credit report</u> is the action that appeared to be the least helpful if you’ve been the victim of identity theft. Therefore, <u>the correct answer is D. </u>

If anyone has been a victim of identity theft, then it is important for such a person to officially report or contact any of the credit reporting companies to place a fraud alert on their credit report.

<h2>Further Explanation</h2>

Identity theft is when someone intentionally steals your information and uses such information without taking your permission. In the US, identity theft has become a booming business for fraudsters

In the US, 15.4 million Americans were a victim of theft, also identity theft tops complain of the consumer to the Federal trade commission. Regardless of how careful you seem to be, you can still fall victim to identity theft.

If you are a victim of identity theft, there are things you do immediately.

Some of the steps you can take to prevent an identity thief to further commit fraud with your details include

Report any issues concerning identity theft to the federal trade commission (FTC)
Ensure you clean up your entire account
Immediately contact the credit Report Company and officially place a fraud alert
In case of Tax-related identity theft, report to the IRS
Place a block on your credit report
Contact the company or the backs where the fraud occurred.

LEARN MORE:

Which action will be least helpful if you've been the victim of identity theft brainly.com/question/1359436
Which action will be least helpful if you’ve been the victim of identity theft brainly.com/question/3968427

KEYWORDS:

victim
identity theft
irs
fraud
companies
account

5 0

4 years ago

Read 2 more answers

Why do you think the Franks' lingua franca was replaced

Shtirlitz [24]

Cause it was rotten sorry if i aint right

7 0

4 years ago

The following information pertains to Crane Company. 1. Cash balance per bank, July 31, $11,136. 2. July bank service charge not

Alexus [3.1K]

Answer:

1. Adjusted cash balance per bank $13,760

Adjusted cash balance per books $13,760

2. Jul-31

Dr Cash $2,560

Cr Notes Receivable $2,560

Jul-31

Dr Miscellaneous Expense $64

Cr Cash $64

Explanation:

1. Preparation of a Bank reconciliation statement

at July 31, 2022

CRANE COMPANY

Bank Reconciliation

July 31,2022

Cash balance per bank statement $11,136

Add: Deposits in transit $4,544

Less: Outstanding checks ($1,920)

Adjusted cash balance per bank $13,760

Cash balance per books $11,264

Add: Electronic Funds transfer Received $2,560

Less: Bank service charge ($64)

Adjusted cash balance per books $13,760

2. Preparation of the adjusting journal entries at July 31 on the books of Crane Company.

Jul-31

Dr Cash $2,560

Cr Notes Receivable $2,560

Jul-31

Dr Miscellaneous Expense $64

Cr Cash $64

7 0

3 years ago

Can a country expereince economic growth without economic develooment ?

Tema [17]

It is possible to have economic growth without development. For example, an increase in GDP, but most people don't see any actual improvements in living standards.

8 0

3 years ago

Kylah Enterprises began the current month with inventory costing $10,000, then purchased inventory at a cost of $35,000. The per

Flauer [41]

Answer:

Amount of shrinkage=$500.

Explanation:

Given Data:

Beginning Inventory Cost=$10,000

Purchased Inventory cost=$35,000

Inventory Sold=$30,000

On-hand Ending Inventory=$14,500

Required:

Amount of shrinkage=?

Solution:

Shrinkage is the difference between the total ending inventory balance and ending inventory on hand.

Total Ending inventory=Beginning Inventory+Purchased Inventory -Inventory Sold.

Total Ending inventory=$10,000+$35,000-$30,000

Total Ending inventory=$15,000

Amount of shrinkage=Total Ending inventory- On hand Ending Inventory

Amount of shrinkage=$15,000-$14,500

Amount of shrinkage=$500.

8 0

4 years ago