net pay
Earnings after withholdings
Net pay is the amount of money an employee receives after all deductions—taxes, insurance, retirement contributions—have been subtracted from gross pay.
It's what actually appears on your paycheck or lands in your bank account: My net pay is about two-thirds of my salary.
Conclusions from reasoning
- taxesMandatory government payments
- withholdingKeeping from another
- FICAFederal wage withholding law
- social securityPublic financial protection programs
federal tax · state tax · exemptions · allowances · tax bracket · payroll · adjustments · pre-tax
Funds sent to account automatically
- paycheckCompensation for labor
- bank accountFinancial storage for funds
- bi-weeklyEvery other week
- semi-monthlyTwice each month
electronic transfer · routing number · payment method · autopay · deposit slip · checking account · payday
Earnings minus essential costs
- take-homeEarnings after taxes
- cash flowMoney entering and exiting
- expensesMoney spent on things
- savingsAccumulated money kept
financial planning · money management · bills · rent · mortgage · utilities · groceries · debt repayment
Protection against medical costs
- retirement contributionsFunds allocated for post-work years
- 401(k)Tax-advantaged retirement savings account
- IRATax-advantaged retirement fund
- pension planRetirement savings arrangement
union dues · garnishments · child support · alimony · wage garnishment · disability insurance · life insurance · flexible spending
deductions
Conclusions from reasoning
- taxesMandatory government payments
- withholdingKeeping from another
- FICAFederal wage withholding law
social security · federal tax · state tax · exemptions · allowances · tax bracket · payroll · adjustments · pre-tax · after-tax
direct deposit
Funds sent to account automatically
- paycheckCompensation for labor
- bank accountFinancial storage for funds
- bi-weeklyEvery other week
semi-monthly · electronic transfer · routing number · payment method · autopay · deposit slip · checking account · payday
disposable income
Earnings minus essential costs
savings · financial planning · money management · bills · rent · mortgage · utilities · groceries · debt repayment · emergency fund
health insurance
Protection against medical costs
- retirement contributionsFunds allocated for post-work years
- 401(k)Tax-advantaged retirement savings account
- IRATax-advantaged retirement fund
pension plan · union dues · garnishments · child support · alimony · wage garnishment · disability insurance · life insurance · flexible spending · commuter benefits
- wageswage, paycheck, income, earnings, minimum wage
- wage datawage rates, wage levels, average wage, median wage, hourly wages
- financial termswealth, asset, currency, balance sheet, audit
- personal financesavings, income, credit, investments, bills
- compensationincome, wage, bonus, payment, wages
- incomeearnings, income, wages, gross income, gross wages
net paygross pay
Earnings before withholdings
gross wages · gross salary · gross income · gross earnings · pretax income
net paydebt
Money owed another
expenses · deductions · liabilities · withholdings · tax burden
net paynet loss
Total financial shortfall
debt · loss · deficit · money owed · financial obligation
pay, net, salary, net income, gross pay, net profit, take-home pay