ECONOMICS
FISCAL 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: -Amount of money you receive in your paycheck after taxes and other deductions are taken out; also called take-home pay.
Detailed explanation-2: -For an individual, net income is the “take-home” money after deductions for taxes, health insurance and retirement contributions.
Detailed explanation-3: -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.
Detailed explanation-4: -A pay stub refers to the payment statement, payslip or wage statement that is given to them by their employer.
Detailed explanation-5: -A pay stub is a document issued by an employer that shows an employee’s gross earnings, deductions from those earnings, and net pay. Pay stubs are created in conjunction with paychecks, so each employee gets a new pay stub for each pay period.