Difference between revisions of "Net pay"
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| − | [[Net pay]] is gross earnings | + | [[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)]], | ||
| − | :[[Net pay]]. Gross earnings | + | :[[Net pay]]. [[Gross earnings]] less deductions. Net pay, or take-home pay, is what the worker actually takes home. |
==Related concepts== | ==Related concepts== | ||
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
- Accounting (alternatively known as accountancy) is management of financial data, information, and knowledge about financial transactions of legal entities. 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.
