O-LevelAccountingAccounting procedures7707/11 · Oct/Nov 2014 · Q261 Mark

What is net pay?

Asalary less statutory deductions less employer's social security contribution

Bsalary less statutory deductions less voluntary deductions

Csalary plus statutory deductions plus employer's social security contribution

Dsalary plus statutory deductions plus voluntary deductions

✓ Correct answer

B: salary less statutory deductions less voluntary deductions

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Topic: Accounting procedures, O-Level Accounting (syllabus 7707). Multiple choice, 1 mark.
Source: O-Level Accounting, Oct/Nov 2014 Paper 1 Variant 1, question 26.

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