DN2 CODE

B DATE

1A BLOCK DIGINOTES
NAME

Jimiaya Brown

TITLE

How to Understand Your Paycheck

NOTES

- There are two main sections of your paycheck stub: earnings and deductions
- Earnings show your rate in the number of hours in your pay period
- Gross pay is the money that you make before taxes and deductions
- Common tax deductions are subtracted from your gross pay
- Those taxes help pay for roads, military, school, police departments, etc
- Federal Insurance Contributions Act (FICA) include Medicare and social security
- These taxes are used to help fund federal programs for retirement and disability
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