Answer:
gross pay - deductions = net pay
Step-by-step explanation:
Net pay is the amount an individual receives after all deductions. To a salaried employee, net pay is the amount that goes into his or her account. In a business transaction, net pay is the final amount received after adjusting for expenses.
Calculation of net pay involves the addition of incomes, such as commissions received, bonuses, and allowances received to get the gross income. Deductions include statutory and other voluntary deductions. Net pay is calculated by deducting deductions from the gross income.