Employers withhold taxes from employees' pay. Gross pay is the amount the employee earns. Net pay, or take-home pay, is the amount the employee receives after deductions.

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Concepts

gross pay, income tax

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Additional Tags

net pay, payroll taxes, social security tax, federal income tax withholding, irs: payroll taxes and federal income tax withholding, medicare tax

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Classroom Considerations

Knovation Readability Score: 3 (1 low difficulty, 5 high difficulty)

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