Net pay a. is more than gross pay. b. is also known as take-home pay. c. is gross pay minus 7.65%. d. depends on how much the employee wants to pay in social security taxes.

The correct answer would be option B, Is also known as the take home pay.

Explanation:

When a person is employed with a company, he receives money in exchange of his time and efforts in the company. Company pays him money for his work which is called as the Salary. There are two types of salaries, one is Gross Pay and the other is Net Pay. The employee receives the Net pay, this is the pay which he can take home. Gross pay is the salary from which the taxes and other deductions have not been made. When such things have been deducted, like taxes, gratuity, etc, the employee can take the remaining amount of salary to his home, which is called the Net Pay. So option B is the appropriate one, i-e, Net Pay is also known as the take home pay.

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