Question

the total money one gets to take home from a paycheck after taxes an deductions are taken out is known as what?
gross pay
federal income tax
state income tax
net pay

which of the following is the form employers use to determine how much tax to deduct from a paycheck?
a w?
b w-4

Explanation:

First Question:

To solve this, we analyze each option:

• Gross Pay is total earnings before taxes/deductions.
• Federal/State Income Tax are types of taxes deducted, not the take - home pay.
• Net Pay is defined as the amount received after taxes and deductions are subtracted from gross pay.

We evaluate the options:

• A W - 2 form is used to report wages paid and taxes withheld for the year (for employees to file taxes).
• A W - 4 form is used by employees to inform employers how much tax to deduct from each paycheck (it helps determine withholding allowances).

Answer:

D. Net Pay

Second Question: