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Your Guide to Take-home Pay

Patriot Software

What is take home pay? Take-home pay consists of the income an individual receives after taxes, benefits, and other contributions are deducted. Take-home pay may also be called net pay. An employee’s take-home pay is the difference between their gross pay and deductions. Take-home pay vs. gross pay.

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What Is Imputed Income? | Payroll Definition and Examples

Patriot Software

Do not include imputed income in an employee’s net pay. health insurance). Establishing imputed income and child support standards prevents individuals from staying unemployed or working a low-paying job on purpose to lessen child support burdens. Imputed income typically includes fringe benefits.

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