
Where Did All of the Money Go?
If you haven’t received your first paycheck, you’ve probably calculated what it will be based on the amount of hours you’ve worked and the hourly rate that you make. But did you remember to deduct income tax? How about Social Security tax, Medicare tax, and state taxes.
Yes, those all come out of your paycheck!
If you are disappointed with the amount of your first paycheck,x you aren’t alone nearly all workers feel the same way when they see their first check and the amount of deductions taken out.
To better understand your paycheck, let’s take a look at John Dough’s pay stub.
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