Net pay is the amount of money an employee takes home after all deductions have been taken out of their gross pay. This includes deductions for income tax, Social Security, Medicare, and any other benefits or contributions the employee may have. Net pay is typically the amount that is deposited into the employee's bank account on payday.
EverFi is a company that provides digital education and skills training to students, employees, and individuals. They offer a variety of courses on financial literacy, career readiness, digital citizenship, and other important topics. One of their courses may cover the concept of net pay and help participants understand how it is calculated and how it affects their overall financial well-being.
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