Which of the following statements regarding primary sources of accounting and financial reporting standards is false? Multiple Choice The GASB sets standards for all state and local governments. The FASAB sets standards for the federal government and its agencies and departments. The FASB sets standards for all business and not-for-profit entities. The FASB and GASB are administered by the Financial Accounting Foundation.

Gross pay is the amount of money your employees receive before any taxes and deductions are taken out. ... Net pay is the amount of money your employees take home after all deductions have been taken out.

Explanation:

When it comes to payroll, there are a lot of ways to talk about the wages your employees get paid. Two important terms to understand are net pay and gross pay. This is the money they have in their pocket on payday.                     I HOPE THIS HELPS ^-^ pls mark me