BUSINESS ADMINISTRATION
BUSINESS POLICY
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Not usually disclosed to you.
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The same as take-home pay.
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The total amount earned
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The amount taken out of your paycheck
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Detailed explanation-1: -The net pay is the actual take-home pay that is paid out to the employee. It is the amount that results after the required deductions have been made from the gross pay.
Detailed explanation-2: -Your net income, or take-home pay, is the amount of money you have left over after taxes and other deductions are taken out of your gross income. Income taxes in the United States tend to be based on your net income instead of your gross income, which is the total income you make before taxes and deductions.
Detailed explanation-3: -A pay stub is a document that’s given to an employee each payday. It shows their total amount earned, less deductions for things like tax. Pay stubs show income from salary, hourly wages or commission.
Detailed explanation-4: -Net salary, more commonly known as Take-Home Salary, is the income that the employee actually takes home once tax and other such deductions are carried over with. It refers to the in-hand figure that is calculated after deducting Income Tax at source (TDS) and other deductions as per the relevant company policy.