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    This document provides instructions for understanding a paycheck. It explains that a paycheck has two main sections - earnings and deductions. Earnings include hours worked, pay rates, and gross pay. Deductions are taxes that are subtracted from gross pay to determine net pay, which is the amount employees take home. The key formula is that net pay equals gross pay minus tax deductions.

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    This document provides instructions for understanding a paycheck. It explains that a paycheck has two main sections - earnings and deductions. Earnings include hours worked, pay rates, and gross pay. Deductions are taxes that are subtracted from gross pay to determine net pay, which is the amount employees take home. The key formula is that net pay equals gross pay minus tax deductions.

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    8 views1 page

    dn2 Roniaaaah

    Uploaded by

    api-336216933
    This document provides instructions for understanding a paycheck. It explains that a paycheck has two main sections - earnings and deductions. Earnings include hours worked, pay rates, and gross pay. Deductions are taxes that are subtracted from gross pay to determine net pay, which is the amount employees take home. The key formula is that net pay equals gross pay minus tax deductions.

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    of 1

    DN2 CODE

    4/7/20 DATE

    1B BLOCK DIGINOTES
    NAME

    Roniah Russell

    TITLE

    How to Understand Your Paycheck

    NOTES

    Two main sections of your pay check


    Earnings & Deductions
    Earnings includes hours, rates and the gross pay
    Deductions are like taxes
    Once you subtract your deductions you get your net pay
    This is the money you take home
    Net Pay = Gross Tax Deductions

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