Definition of

Take-Home Pay

Take-Home Pay
How much of your salary you get to keep.

Start with your full salary (plus any bonuses) and deduct tax, money sent to retirement savings, etc.


Example: Sam's salary is $1,000 but after tax of $200 and retirement deduction of $100 Sam gets a Take-Home Pay of $700

Copyright © 2018 MathsIsFun.com