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

  • 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.

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.

  • 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.

  • Moderate-income household means a household with a total gross annual household income in excess of 50 percent but less than 80 percent of the median household income.

  • Fair Wages means wages whether for time or piece work notified at the time of inviting tenders for the work and where such wages prescribed by the government of India in the ministry of labour and employment vide Sl.No. 1917 published in the gazette of India, extraordinary part - ii section (3) sub-section (ii) dated 19-5-1969.

  • Wage means the amount of money paid or payable to an employee in respect of ordinary hours of work or, if they are shorter, the hours an employee normally works in a day or week;

  • Disposable earnings means that part of the earnings of an