Question: Define gross pay and net pay, and state how it is calculated. In your calculation, explain how the amounts (gross and deductions) are calculated. In

Define gross pay and net pay, and state how it is calculated. In your calculation, explain how the amounts (gross and deductions) are calculated.

In addition, if you need to plan to buy a car or determine if you can afford an apartment's rent, what would you use: gross or net pay? Why?

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