Answered

Welcome to Westonci.ca, the Q&A platform where your questions are met with detailed answers from experienced experts. Discover detailed answers to your questions from a wide network of experts on our comprehensive Q&A platform. Our platform offers a seamless experience for finding reliable answers from a network of knowledgeable professionals.

1. Jaime is creating a budget for the first time and doesn't know which to use - NET PAY or GROSS

PAY. What do you tell him?

a. "Use net pay, because it's the total amount you've earned minus taxes and other

deductions."

b. "Use gross pay, because it's the total amount you've earned minus any recurring bills you

owe for the month."

C. "Use net pay, because it's more money."

Sagot :

Answer:

The answer is "Option a".

Explanation:

He uses the net salary because it is the total amount of deducting taxes you have received. It also applies to how often a worker gets paid but not how much more the employee costs. Retirement funds, staff benefits, and FICA payroll taxes shall be released until an employee receives his monthly pay.

Jaime must use net pay because it's the total amount you've earned minus taxes and other deductions.

What is the net pay?

Net pay is beneficial for making an accurate budget as it gives the final earnings after taxes while gross pay shows earnings before tax. It further becomes tha part of making financial planning in order to optimally utilize the money.

Therefore, ney pay provides Jaime with a realistic idea that much amount she has for spending.

Learn more about net pay here:

https://brainly.com/question/2944233

We appreciate your time. Please revisit us for more reliable answers to any questions you may have. Thank you for visiting. Our goal is to provide the most accurate answers for all your informational needs. Come back soon. Discover more at Westonci.ca. Return for the latest expert answers and updates on various topics.