Question Details

	Username: LuckyWoman Rating: Asked to: Apinya Kamon Date Created: 26 Dec 2018
Category	28
Tag	Financial
Question	What is Take-Home Pay?

Advice from Guru

Hi LuckyWoman,

Take-home pay is the net amount of income received after the deduction of taxes, benefits, and voluntary contributions from a paycheck. It is the difference between the gross income less all deductions. Deductions include federal, state and local income tax, Social Security and Medicare contributions, retirement account contributions, and medical, dental and other insurance premiums. The net amount or take-home pay is what the employee receives.

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