Patriot Software

FEBRUARY 25, 2019

After you subtract all of the taxes and other deductions, money left over is considered take-home pay. Read on to learn more about what is take-home pay and how to calculate it. What is take home pay? Take-home pay may also be called net pay.

Take Home Pay 47

Take Home Pay Gross Pay 401(k) Deductions 47

Money Talk

OCTOBER 13, 2021

Financial resiliency is enhanced with financial resources, such as savings, health insurance, and a good-paying job. Below are five examples: ¨ Maintain a Low Debt-to-Income Ratio- Keep monthly consumer debt payments (all debts except a mortgage) at 15% or less of monthly take-home pay.

Net Pay 100

Net Pay Disability Insurance Take Home Pay Life Insurance 100

Employee Benefits

JULY 25, 2023

Net Pay contributions from your employees is deducted before tax. While there’s no tax relief here, your employee will end up paying less in National Insurance and will notice an increase in their take-home pay. This could still be seen as a tax benefit. How is the Scheme Managed?

Pension 96

Pension Net Pay Taxes Salary 96

Employee Benefits

APRIL 22, 2024

In his Autumn Statement last November, Chancellor Jeremy Hunt extended the freeze on national insurance (NI) and income tax rate thresholds until April 2028. This can contribute to fiscal drag, which occurs when taxpayers are ‘dragged’ into paying tax, or a higher tax rate. This could add further strain to employees.

Employment 59

Employment Taxes Finance Net Pay 59

Workers' Compensation Perspectives

DECEMBER 27, 2019

Caution: actual compensation in any state may be limited by statutory maximum insurable average earnings or maximum weekly benefit provisions. The calculation can be complex and depends largely on the taxation rate, number of exemptions, and contribution or premium rates for social insurance and other mandatory deductions.

Workers’ Compensation 52

Workers’ Compensation Commissions Deductions Deductible 52