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    There are two main sections on a paycheck - earnings and deductions. Earnings show your pay rate and gross pay is the total amount earned before taxes. Deductions include taxes like federal income tax, Medicare, and Social Security which help fund government programs. Net pay is what remains after gross pay has taxes and deductions subtracted.

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    There are two main sections on a paycheck - earnings and deductions. Earnings show your pay rate and gross pay is the total amount earned before taxes. Deductions include taxes like federal income tax, Medicare, and Social Security which help fund government programs. Net pay is what remains after gross pay has taxes and deductions subtracted.

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    23 views1 page

    Digi Notespaycheck Docx2

    Uploaded by

    api-335851898
    There are two main sections on a paycheck - earnings and deductions. Earnings show your pay rate and gross pay is the total amount earned before taxes. Deductions include taxes like federal income tax, Medicare, and Social Security which help fund government programs. Net pay is what remains after gross pay has taxes and deductions subtracted.

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    of 1

    CODE

    4/6/17 DATE

    3 BLOCK DIGINOTES
    NAME

    Nicholas Walker

    TITLE

    How To Understand Your Paycheck

    NOTES

    *There are 2 main sections of a pay check

    *Earnings show your rate]

    *Gross pay is money that you make before taxes and deductions

    *Deductions are subtracted from gross pay

    *These taxes include federal income tax

    *income tax help pay for roads, military, schools, police departments, and much more

    *In these taxes include Medicare and Social Security

    *They also help fund federal government programs

    *This is the money you take home and use for yourself

    *Net pay is gross pay minus your tax deductions

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