Take-home pay is the net amount of income received after the deduction of taxes, benefits, and voluntary contributions from a paycheck.

**Formula to calculate take home pay.**

Deductions include taxes, benefits, and voluntary contributions from a paycheck.

**Example:**

Suppose your gross pay was $ 4,000 and your total deductions was $500. Calculate your take home pay.

Therefore, your take home pay was $3,500.