BACHELOR OF BUSINESS ADMINISTRATION

Detailed explanation-1: -The total earnings paid to an employee after payroll taxes and other deductions is recorded in the payroll register’s (A) Gross Pay column.

Detailed explanation-2: -Net pay, or take-home pay, is an employee’s earnings total after all deductions are subtracted from their gross pay.

Detailed explanation-3: -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-4: -The most common form of payroll deductions includes payroll withholdings, payroll taxes, benefits deductions and wage garnishments. Payroll taxes: Taxes are a common type of payroll deduction. The employer withholds a certain amount as tax from the gross pay of the employee.

Detailed explanation-5: -What is payroll deduction? Payroll deductions are the amounts that are deducted or withheld from the paycheck of the employees in the form of taxes or voluntary deductions. These payroll deductions hence determine the net pay or the take-home pay of the employees after deducting the relevant amount from the gross pay.