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PAYROLL SHEET

Name: Katelynn Raymond




40 Hours @ Straight Time



Total Gross Pay $40,000 (How much did we agree that you were making?)

Deductions:

State/Federal Taxes (30%) $12,000

Medical Ins. (10%) $4,000

401K Contribution (5%) $2,000

Total Deductions $18,000


Subtract your total Deductions from your Gross Pay. This is your Net Pay or take-home pay.

*Net Pay $22,000

*Your net pay will be used to complete the Budget Worksheet.

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