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3 years ago

On a pay stub what is the difference between “net pay” and YTD net pay

2 answers:

6 0

Net pay is what you actually get to take home after paying all the taxes and dues on you by the company or the government. For example, your salary is $500 per week and the applicable tax is $80, after paying that tax you would get $420 as your net amount.
On the other hand, YTD amount is the total amount you have earned from the beginning of a year till the end day. This amount usually appears on an individual's pay stub, along with information about Medicare and Social Security withholdings and income tax payments.

ANEK [815]3 years ago

5 0

Net pay is what you actually get to take home
ytd is year to date

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4 years ago

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3 years ago

Read 2 more answers

On January 1, 2021, Nantucket Ferry borrowed $14,000,000 cash from BankOne and issued a four-year, $14,000,000, 6% note. Interes

kari74 [83]

Answer:

If Interest is not Paid yet

Nantucket Ferry

Dr. Interest Expense $840,000

Cr. Interest payable $840,000

BankOne

Dr. Interest receivable $840,000

Cr. Interest Income $840,000

If Interest is Paid

Nantucket Ferry

Dr. Interest Expense $840,000

Cr. Cash $840,000

BankOne

Dr. Cash $840,000

Cr. Interest Income $840,000

Explanation:

Amount of interest is the expense for Nantucket Ferry and Income for the BankOne on the bond.

As per given data

Amount borrowed = $14,000,000

Coupon rate = 6%

Interest in paid on and received on the bnd is calculated by using the face value and coupon rate of the bond.

Coupon Payment = $14,000,000 x 6% = $840,000

$840,000 will be paid annually to the Bank one.

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