take-home pay
nounUK /ˈteɪk həʊm peɪ/
US /ˈteɪk hoʊm peɪ/
The money you get to keep after taxes are taken out.
After taxes, her take-home pay was enough to cover rent and groceries.
RELATED WORDS
OTHER MEANINGS
2. The amount of money an employee actually receives in their paycheck.
His take-home pay dropped after he changed his tax withholding.
3. The earnings left after all mandatory deductions are subtracted.
The union negotiated a raise that increased workers' take-home pay.
4. The final amount of money a person can spend from their wages.
She budgeted carefully based on her monthly take-home pay.