net pay

Definition

The remaining amount of an employee's gross pay after deductions, such as taxes and retirement contributions, are made.

Use net pay in a sentence

You should try and offer a good net pay to your workers so that you can get the most highly skilled applicants.

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I received what I thought was a significant increase in pay only to learn that after payroll tax deductions my net pay had seemingly barely changed.

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When I received my weekly paycheck, I was disappointed when I noticed the large amount of taxes and deductions taken from my overall gross pay to leave me with my meager net pay.

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net parity payroll