๐ต Where Did My Money Go?
Tap a label from the bank below, then tap the matching paycheck row to place it
Pioneer Valley Hospital
Mar 1โ15
Federal Income Tax
-$288.00
Health Insurance
-$120.00
401(k) Retirement
-$96.00
Label bank โ tap a label, then tap a row above
๐ก Paycheck Basics
- Gross pay is your full earnings before anything is removed
- FICA taxes (Social Security 6.2% + Medicare 1.45%) come out of every single paycheck
- Pre-tax deductions like 401(k) and health insurance reduce your taxable income
- Net pay is what actually lands in your bank โ always budget from this number
- Set up direct deposit at Pioneer and your money is available the moment payday hits