Once you get the job you want and start getting paid, we want to make sure you can understand the details between the yearly salary you negotiated so hard for and the amount of money that goes into your bank account every two weeks.
Check out the video below to learn some of the basic information to understand about your paycheck!
Here are some of the major terms you should know when unpacking your paycheck:
What happens in between your gross pay and your net pay?
Withholdings: Employers deduct an amount of money from each paycheck that largely accounts for the difference between your taxable earnings and net pay. Those withholdings include the following:
Other deductions and benefits: As we covered in the benefits section, there are certain perks jobs offer, but some of those may still mean that money comes out of your paycheck to cover them. Those include things like:
