Watch the following Vidoe and answer questions
https://www.youtube.com/watch?v=-4qkis2FooU
https://fmpglobal.com/resources/useful-info/understanding-your-paycheck-stub/
Watch the following Vidoe and answer questions
https://www.youtube.com/watch?v=-4qkis2FooU
https://fmpglobal.com/resources/useful-info/understanding-your-paycheck-stub/
How much is the Net Pay?
Gross Pay is not you pre-tax amount.
To get your net pay: you take your gross pay subtract deductions and taxes to equal net pay
How much money has been put into 401(K) year to date?
How has paid in more in Federal Income Taxes?
| Draggable item | arrow_right_alt | Corresponding Item |
|---|---|---|
CHSPPRT | arrow_right_alt | This is the amount of money earned during the pay period |
LV / LEVY | arrow_right_alt | Federal Income Tax Withheld |
FSA / HSA | arrow_right_alt | State in which you earned money |
401(k) | arrow_right_alt | Social security tax |
FED / FIT / FITW | arrow_right_alt | Medicare tax |
Gross Pay | arrow_right_alt | Flexible Spending Account and Health Savings Account |
GARN | arrow_right_alt | This notes how much you’re putting into your company’s retirement account |
MED | arrow_right_alt | This is the final amount, after deductions |
Net Pay | arrow_right_alt | Wage garnish |
OASDI / FICA / SS / SOCSEC | arrow_right_alt | Child support payments |
STATE / SIT / SITW | arrow_right_alt | Tax levies |