An employee's net (or take-home) pay is determined by gross earnings minus amounts for income tax withholdings and the employee's
A)portion of FICA taxes, and unemployment taxes.
B)and employer's portion of FICA taxes, and unemployment taxes.
C)portion of FICA taxes, unemployment taxes, and any voluntary deductions.
D)portion of FICA taxes, and any voluntary deductions.

Question

Quizplus · Accepted Answer

Net pay is calculated by subtracting income tax withholdings, the employee's portion of FICA taxes, and any voluntary deductions from gross earnings. Unemployment taxes are typically paid by the employer, not the employee.

An Employee's Net (Or Take-Home) Pay Is Determined by Gross