Multiple Choice
Which of the following are components used in calculating net sales?
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4. Merchandising Operations
Net Sales
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If an employee earns a monthly gross salary of $4,000 and has deductions totaling $850, what is her new monthly net pay? Round your answer to the nearest dollar.
A
$4,850
B
$2,850
C
$3,150
D
$3,250
Verified step by step guidance1
Step 1: Understand the problem. The employee's monthly gross salary is $4,000, and deductions total $850. The goal is to calculate the net pay, which is the gross salary minus the deductions.
Step 2: Write the formula for net pay: Net Pay = Gross Salary - Deductions.
Step 3: Substitute the given values into the formula. Gross Salary = $4,000 and Deductions = $850.
Step 4: Perform the subtraction operation: $4,000 - $850. This will give the net pay before rounding.
Step 5: Round the resulting net pay to the nearest dollar, as specified in the problem.
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