What Is My Net Pay Calculation?
Автор: Labor and Employment Law Expert
Загружено: 2026-01-18
Просмотров: 7
Описание:
Ever wondered why your take-home pay is so much less than you expected? This video breaks down the mystery of net pay, explaining exactly what happens to your earnings before they hit your bank account.
Discover the key factors influencing your paycheck:
► Understand the difference between gross pay and net pay, also known as take-home pay.
► Learn about mandatory deductions like federal and state income taxes, Social Security (FICA), and Medicare.
► Explore common voluntary deductions such as 401k contributions, health insurance premiums, and union dues.
► Find out how to calculate your net pay step-by-step, starting from your gross earnings.
► Learn the importance of reviewing your pay stub and how to address any discrepancies with HR or payroll.
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