Here is a simpler explanation of how to calculate take-home pay:
1. Start with your gross pay. This is the total amount of money you earn before any taxes or deductions are taken out.
2. Subtract your taxes. This includes federal income tax, state income tax, and Social Security and Medicare tax.
3. Subtract any pre-tax deductions. This includes things like health insurance premiums and retirement plan contributions.
4. Subtract any post-tax deductions. This includes things like garnishments and child support payments.
The amount that is left is your take-home pay.
In other words, your take-home pay is the amount of money that you actually get to keep after all of your taxes and deductions have been taken out of your paycheck.
Here is an example:
Gross pay: $1,000
Taxes: $200
Pre-tax deductions: $50
Post-tax deductions: $0
Take-home pay: $650
So, in this example, the employee would get $650 in their paycheck after all of their taxes and deductions have been taken out.