Net Wages definition

Net Wages or “Wages” or “Salary” means income by way of earnings, interest, or rent after deducting the payment of mandatory taxes and deductions, family insurance premiums, and voluntary retirement deductions up to five percent (5%) of gross wages.
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Net Wages means 80% of Dr. Palmini’s wages after the following deductions: (a) all normal monthly expenses of Dr. Palmini, including, rent, medical expenses, child support and maintenance, child visitation costs, student loans, car insurance, utilities, personal expenses, estimated tax payments, meals, groceries, and professional fees (estimated to be $182,825 per annum); (b) normal payroll deductions for, among other things, income tax withholdings, health insurance, FICA, retirement contributions, etc. (estimated $117,000 per annum); (c) payment to the IRS on account of its Priority Tax Claim (estimated $1,850 per annum); (d) payment to Snap-On Credit for its secured claim (estimated $3,321 per annum).
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Net Wages means an employee’s wages after deductions are taken out from an employee’s gross wages.
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Examples of Net Wages in a sentence

  • These monies are added into the Wages above for tax purposes only and should not be included in Net Wages but rather forwarded to Trust Funds.

  • During the term of this Agreement, and any extensions thereof, each individual Employer agrees to deduct from the Taxable Net Wages of all employees, covered by this Agreement, Dues Check-Off in the amounts specified in the attached Wage Schedule A.

  • Each employee shall be given a detailed record of his earnings showing Total Hours Worked, Rates of Pay, Gross Wages, Allowance Contributions, and all deductions and Net Wages, all in accordance with Federal and Provincial Government Regulations.

  • Money Earned® Feature $1.00 per transaction, up to $100.00 taken Up to 50% of your Net Wages at time of Request may be loaded to your Card Account via Money Earned feature in the Mobile App.

  • Upon establishment of said Fund, the employer shall withhold out of the Net Wages of each employee (i.e. after-tax) the sum of $1.00/per hour effective June 3, 2013, for the hours compensated and shall transmit such collected amounts to the I.B.E.W. Local 126 Vacation Fund as such depository as the Trustees of such Fund shall determine.

  • SCHEDULE 7- WAGES Wages for Journeyperson (2024): Total amount employer pays Total Package Gross Wages Net Wages H&W WWP HRA Pension Training Savings FCF 57.64 57.64 37.32 31.64 9.48 0.39 1.75 8.17 0.51 5.68 0.02 Total Package to increase $3.00 effective 5 May 2025 Total Package to increase $3.50 effective 4 May 2026 Allocations of the total amount paid may be obtained from Cement Masons or AGC-MN.

  • Total $3.70 per hour These monies are added into the Wages above for tax purposes only and should not be included in Net Wages but rather forwarded to Trust Funds.

  • The employer, each week, shall withhold from the "Net Wages" (after all deductions) from each journeyman and ▇▇▇▇▇▇▇, Two Dollars ($2.00) per hour for each hour worked.

  • During the term of this Agreement, and any extensions thereof, each indi- vidual Employer agrees to deduct from the Taxable Net Wages of all employees, covered by this Agreement, Dues Check-Off in the amounts specified in the attached Wage Schedule A.

  • DUES CHECK-OFF 77 Section 24 .1 Check-Off 77 Section 24 .2 Procedure 78 Section 24 .3 Dues in Excess of Net Wages 78 Section 24 .4 Check-off Authorization Form 79 Section 24 .5 Indemnification of the Company 81 ARTICLE 25 UNIFORM AND SAFETY EQUIPMENT 81 Section 25 1 Uniform and Safety Equipment Provided 81 ARTICLE 26 .

Related to Net Wages

  • Applicable Wages means the basic straight time wages for all hours worked, including:

  • Annual Earnings means your gross annual income from your Employer, not including shift differential, in effect just prior to the date of loss. It includes your total income before taxes. It is prior to any deductions made for pre-tax contributions to a qualified deferred compensation plan, Section 125 plan or flexible spending account. It does not include income received from commissions, bonuses, overtime pay or any other extra compensation or income received from sources other than your Employer.

  • Wages is defined as the amount of money the employee would have otherwise received over a period of absence, excluding overtime.

  • Employee Contributions are contributions made by a Participant on an after-tax basis, whether voluntary or mandatory, and designated, at the time of contribution, as an employee (or nondeductible) contribution. Elective deferrals and deferral contributions are not employee contributions. Participant nondeductible contributions, made pursuant to Section 4.01 of the Plan, are employee contributions.

  • Eligible Earnings means the Grantee's base salary (prior to any deferrals under a cash or deferred compensation plan sponsored by the Corporation or an Affiliate) paid during the Plan Year. From time to time the Plan Administrator may, in its sole discretion, establish rules for determining the amounts of Eligible Earnings for employees who become Grantees other than on the first day of a Plan Year as well as any reduction of Eligible Earnings as a result of paid leave of absences.