take-home pay

the amount of salary remaining after deductions, as of taxes, have been made.


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World English Dictionary
take-home pay
the remainder of one's pay after all income tax and other compulsory deductions have been made

Collins English Dictionary - Complete & Unabridged 10th Edition
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American Heritage
Cultural Dictionary

take-home pay definition

Pay after deductions for taxes, Social Security, insurance, and other services.

The American Heritage® New Dictionary of Cultural Literacy, Third Edition
Copyright © 2005 by Houghton Mifflin Company.
Published by Houghton Mifflin Company. All rights reserved.
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Example sentences
Net pay, or take-home pay, is the amount the employee receives after deductions.
The training interfered with their productivity in the short term, and hence
  with their take-home pay.
There is plenty of scope to reduce labor cost without cutting worker's
  take-home pay.
But to meet him you wouldn't know that his take-home pay is over a million
  dollars a year.
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