How To Read Your Paycheck

Timecodes:

0:00 - Intro
0:13 - Name & Employee ID
0:29 - Pay Period & Pay Date
0:48 - Pay Rate
1:03 - Hours Worked
1:23 - Gross Income
2:31 - Federal Tax
3:14 - Social Security Tax
4:07 - Medicare Tax
4:58 - State Tax
5:40 - City Tax
6:04 - SDI
6:33 - Tax Data
7:16 - Pretax Deductions // Health, Vision and Dental Insurance Premiums
8:21 - Pretax Deductions // Retirement Plan Contributions
9:04 - Pretax Deductions // Other
10:38 - After-Tax Deductions
11:03 - Employer Paid Benefit
11:28 - Current Deductions
11:49 - Net Pay
12:10 - Time Off

Useful Links:
► IRS Tax Estimator: https://www.irs.gov/individuals/tax-withholding-estimator
► Health Savings Account: https://youtu.be/BWSdTGQwp9E

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FAVORITE TOOLS:
► SoFi - Checking & High-Yield Savings Account (Terms Apply) - https://sofi.com/tae (Affiliate Link)
► Shortform - More Than Book Summaries - https://shortform.com/taekim

LINKS:
► Get My Weekly Newsletters: https://www.financialtortoise.com/newsletter
► Favorite Books: https://www.financialtortoise.com/bestbooks

DISCLAIMER: I am not a financial adviser. These videos are for educational and entertainment purposes only. I am merely sharing my personal opinion. Please seek professional help when needed.