The amount from an employee's check minus the taxes and deductions, such as Social Security. You can designate direct deposit into your share or checking account from the net pay on your check.
Gross pay less payroll deductions; the amount the employer is obligated to pay the employee.
Gross wages or gross salaries minus withholdings for payroll taxes and other items such as insurance, union dues, United Way, etc. Also referred to as "take home pay" or the amount the employee "cleared." To learn more, see Explanation of Payroll Accounting To Top
The amount of money received in a paycheck after deductions.
The actual total earnings that an employee would receive after any payroll taxes or other deductions.
The amount of money an employee receives after income tax and other deductions have been taken out from weekly earnings. Also called ‘take home payâ€(tm).
also known as the amount of the paycheck
That part of an employees wages that remains after all deductions have been subtracted (taxes, health insurance, benefits, etc.)
Wages after deductions have been taken out.
The pay you actually get. All the deductions have been taken off before you get it.
That part of an employee's wages that remains after all deductions have been subtracted (e.g., taxes, health insurance premiums, union dues, etc.).
Net pay is the amount of money left in your paycheck after all applicable taxes and deductions have been with held. Close Window
Contrast to Gross Pay The amount of salaries or wages reduced by deductions taken out. Employee's earnings after taxes and other deductions.
The amount remaining after deductions, such as taxes, insurance and retirement/pension plan.
Net Pay is the money you earn on a paycheck minus any taxes or other deductions such as Social Security.