Take-home pay is the portion of your income remaining after all expenses and taxes have been deducted. To calculate, take your total gross income and deduct your expenses and estimated taxes.
(total income +allowable expenses - disallowable expenses - estimated tax = take-home pay)
Estimated tax is calculated from your gross income (for the selected time period.) Keep in mind, this number may differ from tax payments we show you because payments are calculated on annual projections.
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