What You Need to Know to Understand Your Paycheck
If you're like most people, at some point you've looked at your pay stub and your check, and had a hard time reconciling what happens to your money before any actually gets to you. Between the impact of federal, state, and local income taxes, payroll tax, contributions to your retirement plan, and deductions for insurance and other benefits, your take-home pay could be substantially smaller than what you actually earned.
Ready to finally understand your paycheck? Keep reading for a breakdown of what you need to know.
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Source: Fool.com
