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    Digi Notes 31

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    The document discusses the key sections and information contained on a typical paycheck stub. It notes that paycheck stubs usually have two main sections - earnings and deductions. The earnings section shows an employee's rate of pay and hours worked for the pay period, as well as their gross pay before taxes and other deductions. Common deductions taken out of gross pay are listed as federal and state income taxes, FICA for social security and Medicare, and any retirement contributions. The bottom line is the employee's net or take-home pay.

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    Digi Notes 31

    Uploaded by

    api-335842582
    16 views1 page
    The document discusses the key sections and information contained on a typical paycheck stub. It notes that paycheck stubs usually have two main sections - earnings and deductions. The earnings section shows an employee's rate of pay and hours worked for the pay period, as well as their gross pay before taxes and other deductions. Common deductions taken out of gross pay are listed as federal and state income taxes, FICA for social security and Medicare, and any retirement contributions. The bottom line is the employee's net or take-home pay.

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    The document discusses the key sections and information contained on a typical paycheck stub. It notes that paycheck stubs usually have two main sections - earnings and deductions. The earnings section shows an employee's rate of pay and hours worked for the pay period, as well as their gross pay before taxes and other deductions. Common deductions taken out of gross pay are listed as federal and state income taxes, FICA for social security and Medicare, and any retirement contributions. The bottom line is the employee's net or take-home pay.

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    © All Rights Reserved
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    Flag for inappropriate content
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    16 views1 page

    Digi Notes 31

    Uploaded by

    api-335842582
    The document discusses the key sections and information contained on a typical paycheck stub. It notes that paycheck stubs usually have two main sections - earnings and deductions. The earnings section shows an employee's rate of pay and hours worked for the pay period, as well as their gross pay before taxes and other deductions. Common deductions taken out of gross pay are listed as federal and state income taxes, FICA for social security and Medicare, and any retirement contributions. The bottom line is the employee's net or take-home pay.

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    CODE

    4/6/17 DATE

    3A BLOCK DIGINOTES
    NAME

    YSonni Pressley

    TITLE

    How to Understand Your Paycheck

    NOTES

    TWO main sections of your paycheck stub


    Earnings & deductions
    Earnings- shows your rate and number of hours in each pay period
    Gross pay- money you make before taxes and deductions
    Common tax deductions- subtracted from the gross pay
    Federal income taxes and state income taxes- helps pay for roads, military school,
    police, etc.
    FICA- medical care and social sercurity
    Retirement pay
    NET- money you take home

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