https://padlet.com/paige_martin2/6re7lq8sb6bz en-us 2017-05-12 02:54:25 UTC 2017-05-12 03:06:40 UTC hello@padlet.com paige_martin2 https://padlet.com/paige_martin2/6re7lq8sb6bz/wish/171400803 "Net pay is the amount of earned wages that workers actually take home each pay period" (textbook page 14). Net pay varies depending on where you live. This is the amount of money you get after all the different deductions are taken out of your paycheck. ]]> 2017-05-12 02:55:18 UTC https://padlet.com/paige_martin2/6re7lq8sb6bz/wish/171400803 paige_martin2 https://padlet.com/paige_martin2/6re7lq8sb6bz/wish/171400814 "Gross pay is comprised of employee compensation for work performed in the course of the regular duties of a job or assignment" (textbook page 13). Gross pay is all the money you earn for working or getting bonuses. This is the pay that you get before any taxes are taken away. ]]> 2017-05-12 02:55:24 UTC https://padlet.com/paige_martin2/6re7lq8sb6bz/wish/171400814 paige_martin2 https://padlet.com/paige_martin2/6re7lq8sb6bz/wish/171400978 I want to grow up to be a doctor. Lets say in 2027 i make a gross pay of $150,000. This is the money I make before any deductions are applied. "Deductions can be taken from your paycheck either before or after taxes are applied to your pay" (textbook page 14). Then, taxes are due and I lose about $20,000 in taxes. My Net Pay is then $130,000. Instead of making the $150,000 that I worked for, I make $20,000 less because tax deductions and federal/state taxes are applied to my paycheck. ]]> 2017-05-12 02:57:02 UTC https://padlet.com/paige_martin2/6re7lq8sb6bz/wish/171400978