BUSINESS ADMINISTRATION
FINANCIAL ACCOUNTING
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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The total due for a pay period before deductions.
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total earnings
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net pay
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pay period
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payroll
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Explanation:
Detailed explanation-1: -Gross salary is the monthly or yearly salary of an individual before any deductions are made from it.
Detailed explanation-2: -Gross pay is what employees earn before taxes, benefits and other payroll deductions are withheld from their wages. The amount remaining after all withholdings are accounted for is net pay or take-home pay.
Detailed explanation-3: -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.
There is 1 question to complete.