Professional Documents
Culture Documents
DGN 2
DGN 2
4/7/17 DATE
4B BLOCK DIGINOTES
NAME
Felicia Sherif
TITLE
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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