Payroll – How to Calculate Net and Gross Pay Certification

How to Calculate Net and Gross Pay

Good payroll management is key to the running of a business. Fortunately, this is a relatively simple matter now that we have software packages able to calculate tax, National Insurance contributions, and other deductions that need to be taken off an employee’s payslip.

However, it is still essential that you understand the basic concepts underlying these calculations. In this course, you will learn the differences between net and gross pay.

 

You will learn:

  • What is meant by the term “gross pay” and how it is calculated
  • What is meant by the term “net pay” and how it is calculated
  • The most common types of deductions displayed on a payslip
  • Why a high-quality payroll package is an essential business tool
  • When you should consider manually checking your payroll figures

 

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Duration:
0.75 hrs
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Course FAQ

Who can take the Payroll - How to Calculate Net and Gross Pay Certification course?

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There are no entry requirements to take the course.

What is the structure of the course?

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The course has 4 modules and should take 45 minutes. Each module takes between 15 and 45 minutes on average to complete, although students can spend as much or as little time as they feel necessary on the modules.

Where / when can the course be studied?

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The course can be studied at any time and from any internet-connected device.

Is there a test at the end of the course?

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Once you have completed the course there is a multiple choice test. The questions will be on a range of topics found within the modules. The test, like the course, is online and can be taken at a time and location of your choosing.

What is the pass mark for the final test?

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The pass mark for the test is 80%.

What happens if a user fails the test?

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If the user doesn’t pass the test the first time, they will have two further opportunities to take the test after extra study.

How long does it take to complete the Payroll - How to Calculate Net and Gross Pay Certification course?

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We estimate that the course will take about 45 mintes to complete in total, plus an additional 10 minutes for each of the end of module tests.

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