Solved

Regarding Net Pay,which of the Following Statements Is Incorrect

Question 45

Multiple Choice

Regarding net pay,which of the following statements is incorrect?


A) The net pay amount is not important for accounting purposes.
B) The amount of compensation that the employee actually takes home is net pay.
C) The employer either writes a paycheck to each employee for his or her net pay or directly deposits the employee's net pay into the employee's bank account.
D) Net pay equals gross pay minus all deductions.

Correct Answer:

verifed

Verified

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

Related Questions