Take-home pay

Take-home pay is the amount of cash that an employee is paid after all payroll taxes and other deductions are removed from the person’s gross pay. This residual amount of cash is what an employee has available for spending or investment purposes. The deductions that can be taken from gross pay to arrive at take-home pay include (but are not limited to) the following:

Related Courses

Optimal Accounting for Payroll
Payroll Management