Difference between revisions of "Net pay"

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[[Calendar year]] is a 1-year period beginning on January 1 and ending on December 31. In [[United States]], employers must use a [[calendar year]] for payroll purposes, even if the employer uses a [[fiscal year]] for financial statements and for any other reason.
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[[Net pay]] is [[gross earnings]] less deductions. Net pay, or take-home pay, is what the worker actually takes home.
  
  
 
==Definitions==
 
==Definitions==
 
According to [[College Accounting: A Practical Approach by Slater (13th edition)‎]],
 
According to [[College Accounting: A Practical Approach by Slater (13th edition)‎]],
:[[Calendar year]]. A 1-year period beginning on January 1 and ending on December 31. In [[United States]], employers must use a [[calendar year]] for payroll purposes, even if the employer uses a [[fiscal year]] for financial statements and for any other reason.
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:[[Net pay]]. [[Gross earnings]] less deductions. Net pay, or take-home pay, is what the worker actually takes home.
  
 
==Related concepts==
 
==Related concepts==
 
*[[Accounting]] (alternatively known as [[accountancy]]) is management of [[financial data]], information, and knowledge about [[financial transaction]]s of [[legal entity|legal entiti]]es. [[Accountancy]] tends to include [[bookkeeping]] and, depending on a particilar enterprise, may also include [[quatitative analysis]] of [[financial data]] in the [[bookkeeping system]] and/or [[business intelligence]].
 
*[[Accounting]] (alternatively known as [[accountancy]]) is management of [[financial data]], information, and knowledge about [[financial transaction]]s of [[legal entity|legal entiti]]es. [[Accountancy]] tends to include [[bookkeeping]] and, depending on a particilar enterprise, may also include [[quatitative analysis]] of [[financial data]] in the [[bookkeeping system]] and/or [[business intelligence]].
  
==Related coursework==
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==Related lectures==
 
*[[Principles of Accounting]].  
 
*[[Principles of Accounting]].  
  
[[Category: Accounting]][[Category: Articles]]
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[[Category: International Accounting]][[Category: Articles]]

Latest revision as of 03:25, 9 November 2019

Net pay is gross earnings less deductions. Net pay, or take-home pay, is what the worker actually takes home.


Definitions

According to College Accounting: A Practical Approach by Slater (13th edition)‎,

Net pay. Gross earnings less deductions. Net pay, or take-home pay, is what the worker actually takes home.

Related concepts

Related lectures