Patriot Software

MAY 11, 2022

Employee salary: $50,000 a year. Between taxes and benefit deductions, the employee’s take-home pay could be far from the $50,000 sticker price (cue the sad violin). To find their take-home pay, you need to know how to calculate net pay.

Net Pay 76

Net Pay Take Home Pay Payroll Deductions 76

Employee Benefits

APRIL 22, 2024

The frozen tax thresholds could see some employees ‘dragged’ into paying more tax and have less disposable income as a result. A salary sacrifice arrangement can support employees who are dealing with the impact of fiscal drag. This could add further strain to employees.

Employment 59

Employment Taxes Finance Net Pay 59

Employee Benefits

JULY 25, 2023

Defined benefit pensions guarantee a specific retirement income based on factors like salary and length of service. More complex aspects like varying tax relief methods and payroll integration will be covered later. Which Tax Relief Method is Used? Net Pay contributions from your employees is deducted before tax.

Pension 96

Pension Net Pay Taxes Salary 96

Patriot Software

FEBRUARY 25, 2019

As an employer, you are responsible for withholding various taxes from employees’ wages. 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 46

Take Home Pay Gross Pay 401(k) Deductions 46