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Definitions from the Web

Net Pay

Definition:

Net pay refers to the amount of money an employee receives after deductions such as taxes, insurance, and retirement contributions have been subtracted from their gross pay.

Sample Sentences:

1. After all the deductions, his net pay for the month was $3,500.

2. The company provides a detailed breakdown of gross and net pay on the employee's paycheck.

3. Make sure to consider your net pay when budgeting for expenses.

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