What is defined as a take home pay

Answer 1

Take home pay, also known as net pay or net income, is the amount of money an individual earns after deductions such as taxes, Social Security contributions, healthcare premiums, and any other mandatory deductions have been subtracted from their gross income or total wages. It represents the actual amount of money that an individual or employee receives in their paycheck, which they can take home to cover living expenses and save or spend as they wish.