Tuesday, 23 September 2008

Net Pay

Net pay is how much money a person earns, after deductions. Deductions are amoubnts of money removed from gross pay for various reasons such as :

  • *taxes,
  • insurance(Accident/ life, health + dental),
  • *pension(CPP)
  • pension(company/corporate)
  • *(employment insurance)
  • payroll deductions

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