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2 years ago

The total earnings of an employee for a payroll period is referred to as

Business

1 answer:

lesantik [10]2 years ago

3 0

Answer:

Net pay.

Explanation:

An employee can be defined as an individual who is employed by an employer of labor to perform specific tasks, duties or functions in an organization.

Basically, an employee is saddled with the responsibility of providing specific services to the organization or company where he is currently employed while being paid a certain amount of money hourly, daily, weekly, or monthly depending on the contractual agreement between the two parties (employer and employee).

Net pay can be defined as the total amount of money earned by an employee for a payroll period. Thus, it is the earnings of an employee after all deductions, fees, or contributions have been subtracted from the gross pay and as such, it is the take home of an employee for a payroll period.

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Answer:

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Explanation:

Particulars Amount $

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3 years ago

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3 years ago

On April 2, Kelvin sold $40,000 of inventory items on credit with the terms 1/10, net 30. Payment on $24,000 sales was received

motikmotik

Answer:

Explanation:

The journal entry is shown below:

1. Accounts receivable A/c Dr $160

To Sales discounts forfeited $160

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3 years ago

The total earnings of an employee for a payroll period is referred to as￼

The total earnings of an employee for a payroll period is referred to as