Net pay equals:
A)gross pay less all deductions.
B)regular earnings + overtime earnings.
C)gross earnings.
D)net earnings + overtime earnings greater than the amount withheld from the employee.

Question

Quizplus · Accepted Answer

Net pay is the amount an employee receives after all the deductions such as taxes, social security, Medicare, etc. have been subtracted from their gross pay. Hence, option A is the correct answer. Option B is incorrect as it only includes regular and overtime earnings without accounting for any deductions. Option C is also incorrect as it is the total earnings before any deductions. Option D is misleading as it suggests that net earnings plus overtime earnings are greater than the total amount withheld from the employee, which may not always be the case.

Net Pay Equals