Gross pay isMultiple ChoiceTake-home payDeductions withheld by an employerTotal compensation earned by an employeeThe amount of the pay chequeSalaries after taxes are deducted

The amount an employee earns before any deductions such as EI, CPP, and income tax withholdings is theMultiple ChoiceTake home payGross payTaxable incomeDeductible payNet pay

Multiple Choice QuestionTake-home pay is:Multiple choice question.the same as total cash inflow.earnings (salary, wages, and commissions) after deducting for taxes and other items.total of salary, wages, and commissions earned during a pay period.the same as discretionary income.

Gross pay minus voluntary and involuntary deductions equals your net income/take-home pay. True False

Gross income is:Athe total amount of money you earnBthe amount of money you receive after decuctions are subtractedCthe total amount of money you spendDsales taxes on items you buy

The employer should record payroll deductions asMultiple ChoiceEmployee receivablesWages payableCurrent liabilitiesPayroll taxes expenseEmployee payables