After-tax earnings refer to the amount of money that an individual or business has left after all taxes have been paid. The term can be broken down into two parts: NET (3 letters) and NETPAY (6 letters). NET stands for NET income, which is the total amount of money earned after subtracting all expenses. NETPAY stands for NET pay, which is the amount of money an individual receives after taxes have been deducted from their gross income. Together, NET and NETPAY make up the term AFTER-TAX EARNINGS.