An employee's net (or take-home) pay is determined by gross earnings minus amounts for income tax with holdings and the employee's: a. Portion of FICA taxes and unemployment taxes. b. And employer's portion of FICA taxes, and unemployment taxes. c. Portion of FICA taxes, unemployment taxes and any voluntary deductions. d. Portion of FICA taxes and any voluntary deductions.

Business · College · Mon Jan 18 2021

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The correct answer is: c. Portion of FICA taxes, unemployment taxes and any voluntary deductions.

An employee's net pay or take-home pay is calculated by deducting various withholdings and contributions from their gross earnings. These deductions typically include income tax withholdings, the employee's portion of FICA (Federal Insurance Contributions Act) taxes (Social Security and Medicare), unemployment taxes, and any other voluntary deductions (such as retirement contributions, health insurance premiums, etc.).






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