Asked by Marayah Cicvari? on May 27, 2024
Verified
If an employee's paycheck is made out for $300, what would his net earnings be?
A) $150
B) $260
C) $280
D) $295
E) $300
Net Earnings
The amount of income left after deductions, such as taxes and social security charges, have been subtracted from gross income.
Paycheck
A document or electronic transfer that provides payment for employment services rendered, typically issued periodically at fixed intervals, like weekly or monthly.
- Differentiate between total earnings and take-home pay.
Verified Answer
XP
Xzavion Patterson
May 28, 2024
Final Answer :
E
Explanation :
Net earnings refer to the amount the employee actually takes home after deductions. If the paycheck is made out for $300, and no deductions are mentioned, the net earnings would be the full amount of $300.
Learning Objectives
- Differentiate between total earnings and take-home pay.