Examlex
The sales and operations planning process is made up of a variety of analytical techniques which interact to produce short and intermediate term goals.
Gross Pay
The total amount of salary or wages earned by an employee before any deductions are made.
Net Pay
The amount of money an employee receives after all deductions, such as taxes and retirement contributions, have been subtracted from their gross pay.
Take-Home Pay
The net amount of income received after the deduction of taxes, benefits, and voluntary contributions from the gross salary.
Payroll Accounting
The process of recording and managing all financial transactions related to a company's payment of salaries, wages, and other compensations to employees.
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