Question

Match the following terms with their definitions..
1. a subtraction
2. pay that includes overtime, commissions, and bonuses before any deductions
3. the portion the employee takes home withholding
4. free from deduction
5. an amount entered on the W-4 form that tells the employer the amount of income tax to subtract from an employee's paycheck
a. net pay
b. deduction
c. allowance
d. gross pay
e. exempt

Answer 1

Answer:

Explanation:

1. A subtraction is a deduction in pay.
2. A pay that includes overtime, commissions, and bonuses before any deductions is called the Gross Pay.
3. The portion the employee takes home withholding is called the Net Pay.
4. The amount free from deductions is the exempt.
5. An amount entered on the W-4 form that tells the employer the amount of income tax to subtract from an employee's paycheck  is the Allowance.