take–home pay (noun) take–home pay /ˈteɪkˌhoʊm-/ noun Britannica Dictionary definition of TAKE–HOME PAY [noncount] : the amount of money that a person earns after taxes and other amounts have been subtracted She grosses $40,000 a year but her take-home pay is ...
Noun1.take-home pay- what is left of your pay after deductions for taxes and dues and insurance etc pay,remuneration,salary,wage,earnings- something that remunerates; "wages were paid by check"; "he wasted his pay on drink"; "they saved a quarter of all their earnings" ...
And the joy of having more take-home pay now would evaporate when the bills start coming due. Michael Hiltzik, Los Angeles Times, 26 Nov. 2024 Child care for Gray’s youngest son is $22,000 a year – nearly 20% of her family’s take-home pay and their second-largest monthly expense...
Definition of take-home pay noun in Oxford Advanced American Dictionary. Meaning, pronunciation, picture, example sentences, grammar, usage notes, synonyms and more.
Now, let’s dig deeper into what take-home pay really means. Understanding Take-Home Pay Take-home pay, also known as net pay or net income, is the amount of money you receive in your paycheck after various deductions have been taken out. These deductions can include federal and state ta...
1 take /ˈteɪk/ verb took /ˈtʊk/ ; taken /ˈteɪkən/ ; taking Britannica Dictionary definition of TAKE 1 [+ object] a : to carry or move (something) to a place She took her things to her room. It looks like rain. You had better take an umbrella with...
Don't say 'pay someone a drink' or 'pay someone a meal'. Say that you buy someone a drink or buy someone a meal. The boss bought us all a drink to celebrate. Come on, I'll buy you lunch. You can also say that you take someone out for a meal. My aunt took me out for ...
The meaning of TAKE-HOME is that may be worked on without supervision outside the classroom. How to use take-home in a sentence.
Significance of Take-Home Pay vs. Gross Pay Take-home pay can differ significantly from gross pay. As an example, an employee paid an hourly wage of $15/hour who works 80 hours per pay period has a gross pay of $1,200 (15 x 80 =1200). But, if after deductions the employee's t...
As mentioned, there are two types of payroll deductions: pre-tax and after-tax. To calculate your take-home pay, follow these steps: 1. First, subtract any pre-tax deductions from gross income, such as insurance deductions and certain retirement contributions. The difference is taxable income....