NET PAY

Definition: The amount of an employee's wages or salary after all deductions, such as taxes and contributions, have been made.

Synonyms: Gross Income, Take-home, Salary After, Earnings Post, Income Remaining

Usage Examples in Sentences

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Amy celebrated payday when she saw her net pay had increased due to a bonus.

Usage Example in Conversation

HR Representative: Good morning, Sarah. I wanted to discuss your recent promotion and the adjustments to your compensation package. Let's start by talking about your net pay.Employee (Sarah): Good morning. Thank you for meeting with me. Yes, I understand. So, the net pay is the amount I'll actually receive after taxes and other deductions, correct?HR Representative: Exactly. We've recalculated your net pay to reflect the changes in your salary and deductions. Your net pay will be $3,500 per month.Employee (Sarah): Got it. That sounds fair. Just to confirm, are there any changes to the deductions or benefits I should be aware of?HR Representative: No, your deductions for taxes and benefits will remain the same. We'll provide you with a breakdown of your net pay and deductions for your records.
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