Final answer:
The accumulated earnings column shows the total gross earnings since the start of the year, not net pay.
Step-by-step explanation:
The accumulated earnings column of the employee earnings record lists the total earnings since the first of the year. This figure encompasses all earnings before deductions, such as taxes or other withholdings, and is typically referred to as gross income.
It is important to differentiate this from net pay, which is the amount an employee takes home after all deductions have been made. Regarding net annual income, this amount is calculated by subtracting taxes and other deductions like social security and medicare from the gross earnings. Once the net annual income is determined, the monthly income can be calculated by dividing this figure by twelve.