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

To calculate your take-home pay, follow this formula: Take-home pay, or , is the actual amount

Mandatory withholdings including federal income tax, state income tax (if applicable), Social Security (6.2%), and Medicare (1.45%). medical/dental/vision insurance premiums