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Which of the following best defines the term net pay?

Group of answer choices

the total amount of money an employee receives before taxes and deductions are taken out.

the total amount of money an employee receives after taxes and deductions are taken out

the total amount of taxes taken out.

the total amount of deductions taken out.

User Joextodd
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2 Answers

3 votes

Answer:

the total amount of deductions taken out

Step-by-step explanation:

User Zev Chonoles
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4 votes

Answer:

The total amount of deductions taken out.

Step-by-step explanation:

Net pay refers to the amount an employee takes home, not the amount it costs to employ them. Retirement plan contributions, employee benefits, and employer FICA taxes are deducted before an employee receives their net pay.

User KiwiJuicer
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