0
You will have to use the computer program correctly and enter the gross pay and all of the necessary deduction amounts from your gross pay to come up with your net PAY.
You should get this information from your employer payroll department as they will be the one that would know how much FICA, federal income tax, state income, local taxes, etc that they will have to withhold from your hourly pay or gross pay for the pay period.
After the withheld amount for all taxes is subtracted from your gross wages (earned income) your paycheck will be issued for the net amount of your earning (wages).
Wiki User
∙ 14y ago
Add your answer:
Earn +20 pts
When you earn a paycheck is it important to know how to compute the deductions to form your gross pay?
Your GROSS pay is before any deductions. Compute deductions, subtract them from your gross pay, and get your NET pay- that is how much you get to take home.
Are garnishments calculated by net pay or gross pay?
are garnishments calculated by gross pay or net pay
How does a firm compute Profit margin?
gross profit is divided by net sales.
What are the terms gross pay net mean?
Gross pay is pay before taxes have been deducted were net pay is after taxes.
What is the difference between gross pay and net after tax incomes?
The difference between gross pay and net pay is that gross pay is the amount that you receive before tax deductions and pay net is the money you take home after all the tax deductions
When you earn a paycheck is it important to know how to compute the deductions to form your gross pay?
Your GROSS pay is before any deductions. Compute deductions, subtract them from your gross pay, and get your NET pay- that is how much you get to take home.
Net single premium and loading compute gross premium. How?
net single premium
Are garnishments calculated by net pay or gross pay?
are garnishments calculated by gross pay or net pay
How does a firm compute Profit margin?
gross profit is divided by net sales.
What are the terms gross pay net mean?
Gross pay is pay before taxes have been deducted were net pay is after taxes.
How do you solve monthly gross pay?
Net pay = gross pay - deductions. Or in percentages: Net pay = gross pay x (1 - percentage of deductions / 100) If you have any two of these, you can solve the third. For example, in the last formula: gross pay = net pay / (1 - percentage of deductions / 100)
What is the difference between gross pay and net after tax incomes?
The difference between gross pay and net pay is that gross pay is the amount that you receive before tax deductions and pay net is the money you take home after all the tax deductions
Are wages earned your gross pay or your net pay?
The wages you earn are your gross pay. After taxes and everything else is removed from your paycheck, what remains is your net pay.
Is net pay always more than gross pay?
No ... Net pay is what you get to take home after taxes. Gross pay is your salary before taxes.
What is the take home pay the gross or net?
Generally, take home pay is net pay.
What is the difference between gross and net pay known as?
withholdings
Gross pay net pay?
gross pay: the amount made before taxesnet pay: the amount after subtracting taxes and benefit from your gross pay
