Each payday, the total of net pays that the employer incurs is the wage expense that must be debited.

Name: Each payday, the total of net pays that the employer incurs is the wage expense that must be debited.
Brand: Quizplus
Rating: 4.9 (35 reviews)

Question

Quizplus · Accepted Answer

The total of net pays is not the wage expense debited by the employer; rather, the gross wages (total earnings before any deductions) represent the wage expense that is debited. Net pay is the amount after deductions like taxes and benefits, which is paid to employees.

Each Payday, the Total of Net Pays That the Employer