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Glossary > T > "Take home pay" Definition

Take home pay

The amount of money available after all deductions from salary. In the US, the most significant deductions are federal, state and local taxes, pension plan and health insurance. In the UK, the main deductions are income tax, national insurance, pension plan and medical insurance.

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Take home pay \ The amount of money available after all deductions from salary. In the US, the most significant deductions are federal, state and local taxes, pension plan and health insurance. In the UK, the main deductions are income tax, national insurance, pension plan and medical insurance.

Take home pay / the amount of money available after all deductions from salary. in the us, the most significant deductions are federal, state and local taxes, pension plan and health insurance. in the uk, the main deductions are income tax, national insurance, pension plan and medical insurance.