What is defined as a “take-home pay”?
Paystub
Net income
Salary
Wages
1 answer
Take-home pay refers to the amount of money an employee receives after taxes, deductions, and other withholdings are taken out of their gross income. It is the final amount that an employee receives and can use for personal expenses or savings. Therefore, it is synonymous with net income. It can be represented on a paystub or paycheck and is different from the salary or wages of an employee, which refers to the total amount of money earned before taxes and deductions are taken out.
2 answers