An Employee's Net Pay Consists of Gross Pay Less Mandatory

question 129

Essay

An employee's net pay consists of gross pay less mandatory and voluntary payroll deductions. Identify the mandatory payroll deductions and give two or three examples of common voluntary deductions. Are these deductions recognized as payroll expenses by the employer? What type of payroll expenses does the employer incur related to having a payroll?

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Definitions:

Negative Thoughts

Cognitive processes or thoughts that are detrimental to one’s self-esteem, mood, and actions, often a focus in cognitive-behavioral therapy.

Biochemical Imbalances

Abnormal levels of certain chemicals in the body that can affect physical and mental health.

Ruminative Responses

Patterns of behavior where an individual obsessively thinks about or dwells on stressful, negative experiences or emotions.

Cognitive Triad

A concept in cognitive therapy developed by Aaron T. Beck, focusing on an individual's beliefs about themselves, their world, and the future, often used to understand depression.