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  • Nashiagreerdigi Notes 1

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    The document is a paycheck guide that discusses the key sections and information contained on a paycheck stub. It explains that a paycheck stub contains earnings and deductions sections. The earnings section shows an employee's rate and hours worked. Gross pay is earnings before taxes and other deductions. Common deductions include federal and state income taxes, Social Security, and Medicare, which fund government services and programs. Health insurance may also be listed as a deduction.

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    nashiagreerdigi notes 1

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    The document is a paycheck guide that discusses the key sections and information contained on a paycheck stub. It explains that a paycheck stub contains earnings and deductions sections. The earnings section shows an employee's rate and hours worked. Gross pay is earnings before taxes and other deductions. Common deductions include federal and state income taxes, Social Security, and Medicare, which fund government services and programs. Health insurance may also be listed as a deduction.

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    © All Rights Reserved
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    16 views1 page

    Nashiagreerdigi Notes 1

    Uploaded by

    api-337357614
    The document is a paycheck guide that discusses the key sections and information contained on a paycheck stub. It explains that a paycheck stub contains earnings and deductions sections. The earnings section shows an employee's rate and hours worked. Gross pay is earnings before taxes and other deductions. Common deductions include federal and state income taxes, Social Security, and Medicare, which fund government services and programs. Health insurance may also be listed as a deduction.

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    of 1

    DN2 CODE

    4/7/17 DATE

    3B BLOCK DIGINOTES
    NAME

    NaShia Greer

    TITLE

    How to Understand Your Paycheck

    NOTES

    - There are two main sections of your paycheck stub: earnings and deductions
    - Earnings show your rate in the number of hours in your pay period
    - Gross pay is the money that you make before taxes and deductions
    - Common tax deductions are subtracted from your gross pay
    - These taxes include federal income tax and state income tax
    - Those taxes help pay for roads, military, school, police departments, etc
    - Federal Insurance Contributions Act (FICA) include Medicare and social security
    - These taxes are used to help fund federal programs for retirement and disability
    - Health insurance may or may not show up on your paycheck
    -

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