What Is Net Pay? - Definition & How to Calculate

Instructions:

Choose an answer and hit 'next'. You will receive your score and answers at the end.

question 1 of 3

What is net pay?

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1. Choose the answer that correctly identifies two of the various taxes that are typically withheld from a paycheck.

2. Choose the answer that correctly identifies two of the various deductions that are typically withheld from a paycheck.

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About This Quiz & Worksheet

Net pay is helpful to be aware of as an employee, and this quiz/worksheet will help you test your understanding of its definition as well as related principles.

Quiz & Worksheet Goals

In these assessments, you'll be tested on the definitions, identification and calculation of:

  • Net pay
  • Withheld taxes
  • Withheld deductions

Skills Practiced

This quiz and worksheet allow students to test the following skills:

  • Defining key concepts - ensure that you can accurately define net pay
  • Distinguishing differences - compare and contrast withheld taxes and withheld deductions
  • Information recall - access the knowledge you've gained regarding the formula for calculating net pay

Additional Learning

To learn more about net pay, review the accompanying lesson, What is Net Pay? - Definition and How to Calculate. This lesson covers the following objectives:

  • Define net pay
  • Know the formula for calculating net pay
  • Learn about the items that may be withheld and deducted from a paycheck
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