take-home pay

noun
\ ˈtāk-ˌhōm- How to pronounce take-home pay (audio) \

Definition of take-home pay

: income remaining from salary or wages after deductions (as for income-tax withholding)

Examples of take-home pay in a Sentence

Recent Examples on the Web This can seem overwhelming, so first focus on having one month of take-home pay; build from there. Megan Ditrolio, Marie Claire, "The Budget: Renting an Apartment In New York City," 20 Apr. 2021 Profit-sharing also reached a record $667 million, giving the average employee about $11,000 in extra take-home pay in the form of a check sent out in March. Dallas News, "Pay for Southwest Airlines CEO Gary Kelly and other execs rose in 2020, despite COVID downturn," 9 Apr. 2021 Find this number by subtracting your monthly savings and your fixed and nonmonthly costs (like gifts or haircuts) from your take-home pay. Megan Ditrolio, Marie Claire, "The Budget: Renting an Apartment In New York City," 20 Apr. 2021 For those in the middle fifth, the legislation would cut taxes by $3,720 and increase take-home pay 6%. Paul Wiseman, Chron, "Rescue aid package may reduce inequality, but for how long?," 13 Mar. 2021 The 50/30/20 budget is a smart and simple way to allocate your income to your expenses: 50% of your take-home pay for needs, 30% for wants and the final 20% for savings and debt repayment. cleveland, "3 money habits to carry forward after the pandemic ends," 6 Mar. 2021 Trump’s first-quarter 2017 salary donation to the National Park Service was for $78,333, likely his take-home pay after taxes. Adam Andrzejewski, Forbes, "President Donald Trump Probably Donated His Entire $1.6M Salary Back To The U.S. Government – Here Are The Details," 27 Feb. 2021 Schools had been slow to embrace the programs, citing staffing issues, despite the fact that more work would increase teacher take-home pay by 6% to 14% depending on the grade level. From Usa Today Network And Wire Reports, USA TODAY, "Dropping mandates, hiking for stress, opening stadiums: News from around our 50 states," 27 May 2020 This was intended to help boost workers’ take-home pay as the pandemic raged on. Nathan Bachrach And Amy Wagner, The Enquirer, "Allworth Advice: Your ex has no say over your Social Security benefits," 11 Feb. 2021

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.

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First Known Use of take-home pay

1942, in the meaning defined above

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Time Traveler for take-home pay

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The first known use of take-home pay was in 1942

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Last Updated

7 May 2021

Cite this Entry

“Take-home pay.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/take-home%20pay. Accessed 18 May. 2021.

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More Definitions for take-home pay

take-home pay

noun

English Language Learners Definition of take-home pay

: the amount of money that a person earns after taxes and other amounts have been subtracted

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