BUSINESS ADMINISTRATION
BUSINESS MATHEMATICS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Subtract the total deductions from the net pay.
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Add the total deductions to the gross pay.
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Subtract the total deductions from the gross pay.
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Subtract the total deductions from the take-home pay.
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Detailed explanation-1: -The formula to calculate net salary is quite simple. Net Salary = Gross Salary-Deductions. Gross salary can include the following: Basic Salary.
Detailed explanation-2: -Gross Earning = Total Revenue – Cost of Goods Sold Where, Total Revenue = Income which any business entity generates by selling their different goods in the market or by providing their services to its customers during the normal course of the company’s operations.
Detailed explanation-3: -Calculate gross pay using the hourly rate multiplied by the total hours worked or the salary divided by the number of pay periods. Deduct health insurance premiums, 401(k) and other pre-tax contributions. Withhold all taxes, including federal income tax, FICA taxes and state and local taxes.