Net pay is the amount of money employees earn after payroll deductions are taken away from gross pay. These includes taxes, benefits, wage garnishments and other deductions. In simple terms, net pay ...

Net pay is different from gross pay. Both can be seen on your paycheck, but what do they each mean? Here's what you need to know.

Say your insurance costs $100 per paycheck, and you contribute $50 each pay period to your 401 (k). $1,400 – $150 = $1,250. Subtract taxes withheld to determine your net or take-home pay.

Net pay or take-home pay is the amount of money deposited into an employee’s bank account each pay period. You can calculate it by subtracting payroll deductions from gross pay.

Gross pay and net pay both appear on employee paychecks. Gross pay is an employee’s earned wages before deductions. By contrast, net pay is the amount an employee takes home after deductions. For ...

Tax season is nearly upon us. For some, it may be your first time filing taxes. And even for those who have filed for years, taxes are not always the easiest task to tackle. Here's what you should ...