No you do not get taxed on your net take home pay.
= the amount of income individuals have after they save and pay their taxes? =
gross pay= the amount a person is entitled to net pay= the amount a person is given after the deductions of different taxes and insurances.
The amount you take home. Net pay is the gross pay less all deductions.
After getting your pay stub and calculating what you had taken out on taxes your remaining total is your net pay. Divide that amount by the amount of hours you work and that will be how much you make in net pay hourly.
Gross pay amount is without any deductions while net pay amount is after adjusting the required tax or other deductions.
Gross pay total amount of earnings for the time period. Less all of the necessary withholding that will have to withheld from the gross amount then you paycheck will be issued to you for your net pay. Net paycheck take home pay.
The amount is not a straight percentage. Gross pay is the amount you are paid before any tax withholding. Net pay is the amount you take home after taxes are withheld from your paycheck.
After-tax contributions are contributions that come out of your net pay, rather than the gross pay. They have already been taxed and will not be required to be taxed again however, the earnings on after-tax contributions are subject to taxes and penalties.
Net Pay
gross pay: the amount made before taxesnet pay: the amount after subtracting taxes and benefit from your gross pay
Net Pay
No that's GROSS PAY Net pay is what you have after ALL deductions have been calculated and subtracted