Question

What is take-home pay?

Answer 1

gross pay minus deductions

Step-by-step explanation:

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Answer 2

Take home pay is the other term used for gross salary.Take home pay happens when all the tax and other payment obligations is already deducted. For Example: => you're monthly salary is 15 000 dollars. => your tax for example is 1500 dollars per month => then you have to pay also for your sss, pag-ibig, philhealth and any other payment that needs to be settled.The your salary, minus the tax and other payments is equals the take home pay.