Net pay is:
A)Gross pay plus employer's taxes
B)The amount of an employee's pay before any deductions.
C)The amount of an employee's pay due for income taxes.
D)Gross pay minus source deductions.
E)None of these answers is correct.

Question

Quizplus · Accepted Answer

Net pay is the amount of an employee's pay after source deductions have been taken out, such as income tax, CPP, and EI. It is calculated by subtracting these deductions from the gross pay.

Net Pay Is