Net Wages vs Net Pay
Upon approving a pay run, the summary page will detail the Net Wages amount, which is calculated with the following values:
Gross Pay
- Employee Tax
- Employee Deductions
- Garnishments
= Net Wages
While Wages are part of the total Net Pay, they are not the final amount. To calculate Total Net Pay:
Net Wages (as calculated above)
+ Reimbursements
- Cash Tips
- Imputed Pay
= Net Pay