Recent Examples of take-home pay from the Web
Her job as a legal assistant pays her about $28,000 a year — $1,800 a month in take-home pay.
According to Business Insider, the factory’s young, predominantly female workers toiled for 56 hours a week making clothing in sweatshop conditions for minuscule wages (their typical take-home pay was $15 per week, according to CBS News).
Republicans have been counting on the GOP tax bill, with follow-up announcements of bonuses or bigger take-home pay, to push voters to their side.
Assuming adjuncts’ workloads are similar to that of full full-time faculty, then the former’s average take-home pay of $20,000 per institution is insufficient.
Along with insurance costs, pension debt eats into teacher take-home payThe amount public schools have been paying teachers has dipped slightly or stayed static over the past 20 years.
Workers’ weekly take-home pay, already low, fluctuates dramatically.
For many Americans, the most noticeable effect of the tax law so far is a jump in their take-home pay.
First, there’s a good chance your take-home pay is now a little higher since this new law lowers tax rates.
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
Definition of take-home pay for English Language Learners
: the amount of money that a person earns after taxes and other amounts have been subtracted
Seen and Heard
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