https://padlet.com/hanna_reker/1h8gffgqs18c Made with no regrets, whatsoever en-us 2016-12-10 15:37:17 UTC 2023-02-18 09:40:10 UTC hello@padlet.com hanna_reker https://padlet.com/hanna_reker/1h8gffgqs18c/wish/142951358 Payroll Deductions]]> 2016-12-10 15:38:24 UTC https://padlet.com/hanna_reker/1h8gffgqs18c/wish/142951358 hanna_reker https://padlet.com/hanna_reker/1h8gffgqs18c/wish/142951713 Gross pay and Net pay don’t seem like they should be too much different, but in the end it does make a huge difference for how much money you are actually making at your job. ]]> 2016-12-10 15:46:16 UTC https://padlet.com/hanna_reker/1h8gffgqs18c/wish/142951713 hanna_reker https://padlet.com/hanna_reker/1h8gffgqs18c/wish/142951753 According to the Payroll Deductions section of this book, Gross pay is said to be, “ the total for regular salary or hourly wages, overtime pay, commissions and bonuses earned. Gross pay refers to the amount of earned income before any deductions for federal and state income taxes, social security or medicare” (Payroll Deductions pg13.) This means that this amount of pay will be higher than the net pay because it is calculated before any of the reduced money.]]> 2016-12-10 15:46:57 UTC https://padlet.com/hanna_reker/1h8gffgqs18c/wish/142951753 hanna_reker https://padlet.com/hanna_reker/1h8gffgqs18c/wish/142951782 The book also mentions another rate of pay called Net pay. The book states, “Net pay is the amount of earned wages that workers actually take home each pay period” (Payroll Deductions pg14.) This means that the Net pay includes all of the money taken out for taxes and other programs. The higher the check the more will be taken out. ]]> 2016-12-10 15:47:31 UTC https://padlet.com/hanna_reker/1h8gffgqs18c/wish/142951782 hanna_reker https://padlet.com/hanna_reker/1h8gffgqs18c/wish/142951813 If i was a full-time employee as a pharmacist and I was getting a paycheck for a full 8-hour shift day of working, on average I would get a gross pay of $465.20. This amount would be the amount before taxes and without deductions meaning it will be more than what I actually earn.]]> 2016-12-10 15:48:11 UTC https://padlet.com/hanna_reker/1h8gffgqs18c/wish/142951813 hanna_reker https://padlet.com/hanna_reker/1h8gffgqs18c/wish/142951851 If i were to take tax out of this amount of pay, I would get the net pay for how much im earning, and actually taking home. The net pay after taking off the amount of money I pay taxes would be $432.20.

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