Income Taxes

# How do you solve net pay?

123

###### 2011-12-02 18:37:56

Net pay is what remains from gross pay after all deductions, such as tax, have been made. It is your 'take home' pay.

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## Related Questions

Net pay = gross pay - deductions. Or in percentages: Net pay = gross pay x (1 - percentage of deductions / 100) If you have any two of these, you can solve the third. For example, in the last formula: gross pay = net pay / (1 - percentage of deductions / 100)

Your net pay is what you get after you take out all of your expenses like taxes and insurance.My net pay is lower than yours.Taxes are based on your net pay.What will my net pay be on the new job?

Gross pay is almost always greater than net pay, as net pay is after taxes, benefits, etc. Gross pay is what the company tells you that they will pay you. Net pay is what you actually take home.

If looking at your pay stubs, you gross pay represents your total pay before taxes. The net pay is your pay after taxes.

are garnishments calculated by gross pay or net pay

No, net pay is your take home pay after taxes and other deductions

The amount you take home. Net pay is the gross pay less all deductions.

It is taxes and benefits.Gross pay - taxes + benefits = net pay.

Since the economy had been doing badly, his net pay had dropped. His net pay was much less than his gross pay.

Gross pay is pay before taxes have been deducted were net pay is after taxes.

If you take gross pay and take out taxes and fees you are left with net pay.

gross pay: the amount made before taxesnet pay: the amount after subtracting taxes and benefit from your gross pay

Net pay is what you take home after all deductions.

No ... Net pay is what you get to take home after taxes. Gross pay is your salary before taxes.

The wages you earn are your gross pay. After taxes and everything else is removed from your paycheck, what remains is your net pay.

Gross pay is a persons pay that is including overtime, allowances and bonuses. Net pay is when it is totaled together and subtracting the gross pay from it.

The difference between gross pay and net pay is that gross pay is the amount that you receive before tax deductions and pay net is the money you take home after all the tax 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.

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 - all deductions and taxes = net pay.

the pay before taxes net pay is after 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.

Net pay is the money you actually recieve after all tax and other duductions are taken from your gross pay (total pay before deductions).

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