Business terms and jargon explained. Your business dictionary
What is Net Pay
Net pay is the net amount in a weekly/monthly payslip or the yearly amount AFTER taxes and deduction. The employee actually receives this amount. This can differ year to year as the tax rates and employment legislation changes periodically.
Knowledge is the key to success. That is why we have gone to great lengths to get you these business terms, and to explain them in Plain English so it is very easy to understand. Getting the right understanding and knowing your business jargon will keep you informed among your peers.