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Q: Megan had a gross pay last week of 980.00 If her total deductions were 161.35 what was her net pay?
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Related questions

What all deductions are needed for gross salary?

Gross salary means the total salary BEFORE any deductions are taken, so the answer is no 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.


What does gross price and net price mean?

The gross price would be the price before deductions. The net price is after deductions.


What is the formula for taxable income?

Gross Income - Above the Line Deductions = Adjusted Gross Income - (Deductions +Exemptions)= Taxable Income


What is the formula for calculating taxable income?

Gross Income - Above the Line Deductions = Adjusted Gross Income - (Deductions +Exemptions)= Taxable Income


What is Take home pay is equal to?

gross income - (required deductions + optional deductions)


This term refers to the total amount without deductions?

Gross amount.


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 do you call income before deductions?

Gross income.


What term refers to a total amount with deductions?

Gross


How do you figure out your gross income?

Gross income is all monies earned and received before deductions. ( taxes, EI, Union Dues, etc ) After deductions it is considered Net income.


What is greater gross pay or net pay?

Gross. It's what you earn before any deductions.