Examlex
Being good with numbers can give a job seeker a competitive advantage.
Net Pay
The amount of money that an employee actually receives after all deductions, such as taxes and retirement contributions, have been subtracted from their gross pay.
Gross Pay
The total amount of salary or wages earned by an employee before any deductions are made for taxes and other withholdings.
Take-Home Pay
The amount of income left after deductions like taxes and social security contributions are subtracted from the gross salary.
Federal Income Tax
The tax levied by the U.S. government on the annual earnings of individuals, corporations, trusts, and other legal entities.
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