Final answer:
The net pay, or take-home pay, for an employee can be calculated by subtracting taxes and deductions from the gross pay.
Step-by-step explanation:
The net pay, or take-home pay, for this employee for the pay period can be calculated by subtracting the taxes and deductions from the gross pay. To do this, we need to know the gross pay and the specific taxes and deductions for the employee. Once we have these details, we can use the following formula:
Net Pay = Gross Pay - Taxes - Deductions
For example, if the gross pay for the pay period is $2000, the taxes amount to $400, and the deductions amount to $100, the net pay would be:
Net Pay = $2000 - $400 - $100 = $1500