Gross pay is the amount of earnings before payroll _ are withheld; net pay is the actual amount of the _. (9.1)

Question

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Answer 1

Textbook Question

Chapter 9, Problem 1CR

Gross pay is the amount of earnings before payroll _____ are withheld; net pay is the actual amount of the _____. (9.1)

Expert Solution & Answer

To determine

To fill: The blank spaces in the statement, “ Gross pay is the amount of earning before payroll ___ are withheld; net pay is the actual amount of the ____”.

Answer to Problem 1CR

Solution:

The complete statement is “Gross pay is the amount of earning before payroll deductions are withheld; net pay is the actual amount of the Employee’s paycheck after all payroll deductions”.

Explanation of Solution

The relations between gross pay and net pay is given below:

Net pay = gross pay – total deductions

The term gross pay or gross earning refers to the amount of earnings which employees receive before any taxes and deductions are taken out.

Thus, the net pay or take-home pay is the actual amount of money which employees take home after all payroll deductions have been withheld.

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Answer 2

Textbook Question

Chapter 9, Problem 1CR

Gross pay is the amount of earnings before payroll _____ are withheld; net pay is the actual amount of the _____. (9.1)

Expert Solution & Answer

To determine

To fill: The blank spaces in the statement, “ Gross pay is the amount of earning before payroll ___ are withheld; net pay is the actual amount of the ____”.

Answer to Problem 1CR

Solution:

The complete statement is “Gross pay is the amount of earning before payroll deductions are withheld; net pay is the actual amount of the Employee’s paycheck after all payroll deductions”.

Explanation of Solution

The relations between gross pay and net pay is given below:

Net pay = gross pay – total deductions

The term gross pay or gross earning refers to the amount of earnings which employees receive before any taxes and deductions are taken out.

Thus, the net pay or take-home pay is the actual amount of money which employees take home after all payroll deductions have been withheld.

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Subscribe now to access step-by-step solutions to millions of textbook problems written by subject matter experts!

Answer 3

Textbook Question

Chapter 9, Problem 1CR

Gross pay is the amount of earnings before payroll _____ are withheld; net pay is the actual amount of the _____. (9.1)

Expert Solution & Answer

To determine

To fill: The blank spaces in the statement, “ Gross pay is the amount of earning before payroll ___ are withheld; net pay is the actual amount of the ____”.

Answer to Problem 1CR

Solution:

The complete statement is “Gross pay is the amount of earning before payroll deductions are withheld; net pay is the actual amount of the Employee’s paycheck after all payroll deductions”.

Explanation of Solution

The relations between gross pay and net pay is given below:

Net pay = gross pay – total deductions

The term gross pay or gross earning refers to the amount of earnings which employees receive before any taxes and deductions are taken out.

Thus, the net pay or take-home pay is the actual amount of money which employees take home after all payroll deductions have been withheld.

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Subscribe now to access step-by-step solutions to millions of textbook problems written by subject matter experts!

Answer 4

Textbook Question

Chapter 9, Problem 1CR

Gross pay is the amount of earnings before payroll _____ are withheld; net pay is the actual amount of the _____. (9.1)

Expert Solution & Answer

To determine

To fill: The blank spaces in the statement, “ Gross pay is the amount of earning before payroll ___ are withheld; net pay is the actual amount of the ____”.

Answer to Problem 1CR

Solution:

The complete statement is “Gross pay is the amount of earning before payroll deductions are withheld; net pay is the actual amount of the Employee’s paycheck after all payroll deductions”.

Explanation of Solution

The relations between gross pay and net pay is given below:

Net pay = gross pay – total deductions

The term gross pay or gross earning refers to the amount of earnings which employees receive before any taxes and deductions are taken out.

Thus, the net pay or take-home pay is the actual amount of money which employees take home after all payroll deductions have been withheld.

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Subscribe now to access step-by-step solutions to millions of textbook problems written by subject matter experts!

Answer 5

Textbook Question

Answer 6

Textbook Question

Answer 7

Expert Solution & Answer

To determine

To fill: The blank spaces in the statement, “ Gross pay is the amount of earning before payroll ___ are withheld; net pay is the actual amount of the ____”.

Answer to Problem 1CR

Solution:

The complete statement is “Gross pay is the amount of earning before payroll deductions are withheld; net pay is the actual amount of the Employee’s paycheck after all payroll deductions”.

Explanation of Solution

The relations between gross pay and net pay is given below:

Net pay = gross pay – total deductions

The term gross pay or gross earning refers to the amount of earnings which employees receive before any taxes and deductions are taken out.

Thus, the net pay or take-home pay is the actual amount of money which employees take home after all payroll deductions have been withheld.

Answer 8

Expert Solution & Answer

To determine

To fill: The blank spaces in the statement, “ Gross pay is the amount of earning before payroll ___ are withheld; net pay is the actual amount of the ____”.

Answer to Problem 1CR

Solution:

The complete statement is “Gross pay is the amount of earning before payroll deductions are withheld; net pay is the actual amount of the Employee’s paycheck after all payroll deductions”.

Explanation of Solution

The relations between gross pay and net pay is given below:

Net pay = gross pay – total deductions

The term gross pay or gross earning refers to the amount of earnings which employees receive before any taxes and deductions are taken out.

Thus, the net pay or take-home pay is the actual amount of money which employees take home after all payroll deductions have been withheld.

Answer 9

Expert Solution & Answer

Answer 10

Expert Solution & Answer

Answer 11

To determine

To fill: The blank spaces in the statement, “ Gross pay is the amount of earning before payroll ___ are withheld; net pay is the actual amount of the ____”.

Answer 12

Answer to Problem 1CR

Solution:

The complete statement is “Gross pay is the amount of earning before payroll deductions are withheld; net pay is the actual amount of the Employee’s paycheck after all payroll deductions”.