Net Payroll

Net payroll refers to the amount of money that employees take home after all deductions have been made from their gross pay. Gross pay is the total earnings before any deductions, including taxes, health insurance, and retirement contributions. Net payroll reflects the actual cash that employees receive in their paychecks. Understanding net payroll is important for budgeting and personal finances, as it indicates how much money is available for spending after mandatory and voluntary deductions are accounted for.