BUISENESS MANAGEMENT
TAXES
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Money being taxed comes from what type of pay?
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Net Pay
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Gross Pay
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Take Home Pay
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Pay As You Go
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Explanation:
Detailed explanation-1: -Gross salary is calculated by adding an employee’s basic salary and allowances prior to making deductions, including taxes. Here, a basic salary is the base income of an employee or the fixed part of one’s compensation package. Provident Fund is not taken into account while deriving the gross salary.
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