Regarding Net Pay,which of the Following Statements Is Incorrect

question 45

Multiple Choice

Regarding net pay,which of the following statements is incorrect?

• A) The net pay amount is not important for accounting purposes.
• B) The amount of compensation that the employee actually takes home is net pay.
• C) The employer either writes a paycheck to each employee for his or her net pay or directly deposits the employee's net pay into the employee's bank account.
• D) Net pay equals gross pay minus all deductions.

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Definitions:

Legitimate Power

A form of authority where power is granted through an organizational structure or societal norms.

Elected Member

An individual chosen by voters to represent them in a governmental or organizational role.

Outsourcing

The practice of delegating certain job functions or tasks to outside parties or companies.

Human Relations

Refers to the interactions between employers and employees and the ways in which they establish and manage relationships in the workplace.