What component of an employee's earnings record shows total pay minus deductions?

Net pay represents the amount of money an employee takes home after all deductions have been made from their gross pay. This includes taxes, benefits contributions, and any other withholdings that may apply, such as retirement plan contributions or insurance premiums.

In contrast, gross pay is the total amount earned before any deductions are applied, which is why it does not reflect the actual take-home amount. Regular pay refers specifically to the standard earnings based on an employee's regular working hours, while overtime pay indicates additional earnings for hours worked beyond the typical work schedule, usually at a higher rate. Therefore, when considering total pay minus deductions, net pay is the accurate term that indicates the final amount an employee receives after all mandatory and voluntary deductions.