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What does everything mean on your paycheck?
Payday is always the best day of the week. But have you ever look at your paycheck and wonder where all your money went? It can be disappointing to receive your first paycheck and notice a hundred or more dollars is missing. Paychecks contain a lot of information and some of it is confusing. How many times have you looked at a paycheck and wondered, what is FICA and why is it keeping so much of my money? Here is a brief overview of what each are of the typical paycheck represents, so you know where your money is going. Learn about gross pay, net pay, deductions, FICA, FIT, and more.
If you want to find out what your Net Pay will be, take a look at the PaycheckCity calculators. They guide you through a line-by-line process, and give you an accurate expectation of what you will take home every paycheck.