The word net pay is defined as the net thickness of an oil reservoir. The oil reservoir is capable of producing hydrocarbons. Net pay, in financial terminology, is a word which is defined as the remaining amount after deductions from the gross salary. Net is another word for ultimate.
Examples of net pay are deductions such as income taxes, union dues and authorised deductions for a retirement fund. The phrase total net pay is defined as the amount which is paid to an expatriate. An expatriate is a person who is a native of another country (a foreigner) who works in another country. It must, however, be noted that an expatriate is not the citizen of the country in which he is living and working.
The total net pay consists of the sum of the basic salary which is payable to him or her, his or her expatriation premium and the other allowances, from which the tax equalization factor is deducted.
Examples of net pay are deductions such as income taxes, union dues and authorised deductions for a retirement fund. The phrase total net pay is defined as the amount which is paid to an expatriate. An expatriate is a person who is a native of another country (a foreigner) who works in another country. It must, however, be noted that an expatriate is not the citizen of the country in which he is living and working.
The total net pay consists of the sum of the basic salary which is payable to him or her, his or her expatriation premium and the other allowances, from which the tax equalization factor is deducted.
