ZFIN1172 - May 17, 2024: Understanding Your Paycheck: Gross to Net

Course Description

 When most of us received our very first paycheck we were likely very surprised to see that the hours we worked multiplied by our hourly rate was not the amount of our paycheck. Have you wondered exactly how your paycheck is calculated? Do you want to know the difference between Social Security and Medicare taxes? Pre-tax versus post-tax deductions? How Salary versus Hourly employees are paid? What deductions are permissible by law from your pay? While we all wish our gross pay and net pay could be equal, it’s important to understand the purpose behind each deduction and have a good understanding of how your pay is calculated and how your taxes and deductions are processed and reported.

Notes

Presented by: Tina Gholson