Question 4

1 pts

What is net pay?

salary before taxes

salary after taxes

total amount earned yearly

amount paid for insurance

What is bet pay? Net pay is the amount of pay remaining for issuance to an employee after deductions have been taken from the individual's gross pay.

Salary before taxes? An individual or company's income before taxes and deductions. For individual income, it is calculated as the individual's wages or salary, investment and asset appreciation, and the amount made from any other source of income.

Salary after taxes? After-tax income is the net income after the deduction of all federal, state, and withholding taxes. After-tax income, also called income after taxes, represents the amount of disposable income that a consumer or firm has available to spend.

Total amount earned yearly? Total amount of income earned annually. Gross annual income represents the amount of money a person earns in one year from all sources before taxes. When preparing an income tax return, the gross annual income figure is the base figure with which to start.

Amount paid for insurance? An insurance premium is the amount of money an individual or business pays for an insurance policy. Insurance premiums are paid for policies that cover healthcare, auto, home, life, and others. Once earned, the premium is income for the insurance company.