Total wages employees earned for the payroll period are called ________.The amount of wages the employees take home is the ________.
A)gross pay;withholding amount
B)gross pay;net pay
C)net pay;gross pay
D)net pay;taxes withheld amount

Question

Quizplus · Accepted Answer

Gross pay refers to the total amount earned by employees before any deductions are made, while net pay refers to the amount earned after deductions such as taxes and other withholdings are taken out. Therefore, the total wages earned for the payroll period are called gross pay, and the amount employees take home is called net pay. Option B correctly identifies gross pay as total wages earned and net pay as the amount earned after deductions.

Total Wages Employees Earned for the Payroll Period Are Called