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Definitions from WordNet

Definitions from the Web

Take-Home Pay

Definition:

Take-home pay refers to the amount of money an employee receives after deductions, such as income tax, social security, and other applicable withholdings, have been taken out from their gross salary.

Examples:

As a noun:

1. Her take-home pay increased significantly after receiving a promotion at work.
2. With the recent raise, his take-home pay now allows him to save more money each month.

As a verb:

1. Make sure to calculate your take-home pay accurately before making any major financial decisions.
2. The HR department takes into consideration various factors when determining an employee's take-home pay.

Related Products:

For further information on personal finance and managing take-home pay, consider these related products:

• Budgeting 101: A Practical Guide to Learn How to Budget Your Money
• Retirement Planning: Everything You Need to Know About Saving for Your Future
• The Essential Tax Guide: Understanding Taxes and Maximizing Deductions