Definitions for "Take-Home Pay" Add To Word List
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The pay actually received by an employee after adding bonuses and deducting...
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what is left of your pay after deductions for taxes and dues and insurance etc
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The amount of money one has available after taxes have been taken out of their pay. Total wages, salary, commissions and/or bonuses minus payroll deductions.
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In the context of a federal tax levy, the amount of an employee's wages that remains after all normal deductions in effect at the time of the levy have been subtracted.
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The amount an employee "clears" on her or his payroll check. It is also the "net" amount: the gross salary or wages minus the witholdings/deductions for payroll taxes and voluntary deductions for union dues, employee share of health care costs, charitable deductions, garnishments, etc. To Top
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