Recent Examples of take-home pay from the Web
If lawmakers enact these changes, many savers will face a choice between maintaining their current savings rate or their current take-home pay.
Many families, but not all, would see more money in their take-home pay.
In addition to direct relief for working families, our tax plan will also provide for the kind of economic growth needed to give hardworking Americans access to new jobs and opportunities and increase their take-home pay.
Her annual compensation dropped by a similar percentage, to $292,000, less than a third of the average take-home pay for a Chadbourne partner.
Almost all other public workers in Wisconsin had their bargaining authority stripped under Walker's 2011 measure, known as Act 10, and then had their members' take-home pay reduced by roughly 10% because of cuts to health care and pension benefits.
Military income usually includes tax-free allowances for housing and food, Mr. Andrews says, so there is often a big difference in take-home pay.
Male workers with full-time, year-round employment actually saw their take-home pay fall by 0.4 percent in 2016, while their female counterparts enjoyed a measly 0.7 percent gain.
And almost 40 percent of their take-home pay goes for childcare.
These example sentences are selected automatically from various online news sources to reflect current usage of the word 'take-home pay.' Views expressed in the examples do not represent the opinion of Merriam-Webster or its editors. Send us feedback.
First Known Use of take-home pay
Financial Definition of TAKE-HOME PAY
What It Is
Take home pay is the portion of one's salary left after all payroll taxes have been deducted.
How It Works
John Doe has a salary of $100,000. He is paid 26 times per year (every other Friday). The federal and state payroll taxes (Social Security, Medicare, unemployment, and federal withholding) amount to, say, 10% of his salary.
John Doe's salary divided by 26 paychecks equals $3,846.15 per paycheck. However, because John Doe has payroll taxes withheld, his take home pay is actually 90% of that, or $3,461.53.
Why It Matters
Understanding the difference between salary and take home pay is important for anyone trying to create and live on a household budget. Taxes are not the only thing that can affect take home pay. If a person is having alimony, child support, retirement plan contributions, or other money withheld from his or her paycheck, these things will also affect the person's take home pay.
TAKE-HOME PAY Defined for English Language Learners
Seen and Heard
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