Can you explain how my net pay is calculated from my gross salary?

To understand how your final take-home pay is derived from your total earnings, please follow these steps to review the calculation process on the platform:

1. Log in to the Payoneer WFM platform to access your detailed pay statement or salary breakdown.
2. Identify your Gross Salary, which represents the total amount you have earned during the pay period before any subtractions are applied.
3. Review your Mandatory Deductions, which include legally required payments such as income tax and social security contributions specific to your country of residence.
4. Account for Voluntary Deductions, such as private insurance premiums, retirement fund contributions, or other employee-elected benefits.
5. Calculate the Net Pay by subtracting the sum of all identified deductions from your gross salary.

The final figure remaining after these subtractions is your net pay, which is the exact amount that will be deposited into your registered bank account.