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What is Taken Out of My Paycheck? Paycheck Deductions + Payroll Taxes
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It’s important to understand the details of our paychecks and paystubs - what is taken out of my paycheck. Not just the gross amount we get paid, but the taxes and deductions that get taken out. Paycheck deductions and payroll taxes.
Money Funnies produces a series of videos that quickly but carefully explain important financial principles. We’re not a bank or other financial institution here to sell you products.
Our goal is to educate as many people as possible on how the financial system works and how to make it work for you.
We publish new videos regularly, so please subscribe!
Follow us for more tips and fun on Instagram and Tiktok
What is Taken Out of My Paycheck? Paycheck Deductions + Payroll Taxes
Music by MBB
#PayrollTaxes #PaycheckDeductions #FICA
00:00 Introduction
00:21 Gross Pay
00:49 Taxes and Other Deductions
01:46 A word from Rachel Green
02:08 Payroll Taxes aka FICA
02:56 Types of Income Taxes
Money Funnies produces a series of videos that quickly but carefully explain important financial principles. We’re not a bank or other financial institution here to sell you products.
Our goal is to educate as many people as possible on how the financial system works and how to make it work for you.
We publish new videos regularly, so please subscribe!
Follow us for more tips and fun on Instagram and Tiktok
What is Taken Out of My Paycheck? Paycheck Deductions + Payroll Taxes
Music by MBB
#PayrollTaxes #PaycheckDeductions #FICA
00:00 Introduction
00:21 Gross Pay
00:49 Taxes and Other Deductions
01:46 A word from Rachel Green
02:08 Payroll Taxes aka FICA
02:56 Types of Income Taxes
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