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← Lesson
Payroll Deductions: Reading Your First Paycheck
Question 1 of 7
Multiple choice
What is the difference between gross pay and net pay?
Gross pay is after taxes; net pay is before taxes
Gross pay is total earnings before deductions; net pay is what you actually receive after all deductions
They are the same amount described at different pay periods
Gross pay only includes wages; net pay includes bonuses
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