Solved

An Employee's Net Pay Consists of Gross Pay Less Mandatory

Question 129

Essay

An employee's net pay consists of gross pay less mandatory and voluntary payroll deductions. Identify the mandatory payroll deductions and give two or three examples of common voluntary deductions. Are these deductions recognized as payroll expenses by the employer? What type of payroll expenses does the employer incur related to having a payroll?

Correct Answer:

verifed

Verified

Mandatory payroll deductions include bot...

View Answer

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions