The remaining amount after deductions in salary.
A. Gross
B. Net
C. Fiscal
D. Tariff
No. Gross is the total amount.
Net is after deductions.
http://en.wikipedia.org/wiki/Net_pay
The correct answer to your question is B. Net. Net salary refers to the remaining amount after all deductions, such as taxes, insurance premiums, and retirement contributions, are subtracted from the gross salary.
To calculate the net salary, follow these steps:
1. Start with the gross salary, which is the total salary amount before any deductions.
2. Deduct any federal, state, and local taxes that are applicable to your income. These deductions are typically calculated based on tax brackets and rates.
3. Subtract other deductions, such as Social Security and Medicare taxes, which are required by law in certain countries.
4. If you have any voluntary deductions, like contributions to retirement plans or health insurance premiums, subtract those from the gross salary as well.
5. The remaining amount after all deductions have been subtracted is the net salary.
It's important to note that the specific deductions and formulas used to calculate net salary can vary depending on your country's tax and labor laws.