Take-Home Pay
/ˈteɪkˌhoʊm peɪ/
Definitions
- (n.) The net amount of an employee’s wages received after deductions like taxes and social security contributions.
Her take-home pay was significantly lower than her gross salary due to tax withholding.
Forms
- take-home pay
Related terms
See also
Commentary
Take-home pay is crucial in legal contexts involving employment, tax law, and wage disputes, as it reflects the actual earnings available to an employee.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.