Regarding gross and net pay, which of the following statements is correct?
A) Gross pay minus all deductions such as income tax withheld equals net pay.
B) Net pay represents the total salaries and wages expense to the employer.
C) For most businesses, gross pay equals net pay.
D) Employers are required to deposit net pay into the employee's bank account.
A
Business
You might also like to view...
Under which type of title insurance policy is a title insurance company least likely to physically inspect the property?
a. Standard policy. b. Extended coverage policy. c. Abstract of title. d. Preliminary title report.
Business
What are the requirements for deciding on a positioning strategy?
What will be an ideal response?
Business