Take — Home Pay

Take-home pay, or , is the actual amount of money you receive in your paycheck after all deductions and taxes are subtracted from your gross income. It is the money you have available for spending and saving. 1. The Take-Home Pay Formula

401(k) contributions, medical/dental/vision insurance premiums, Flexible Spending Accounts (FSAs), and Health Savings Accounts (HSAs). Take Home Pay

Your total earnings before taxes and deductions (annual salary divided by pay periods, or hourly rate × hours worked). Take-home pay, or , is the actual amount