Decoding Your Paycheck: Deductions and Earnings

To fund personal investments

To pay for government and social services

To cover transportation costs

To pay for health insurance only

The amount after taxes are deducted

The final amount one receives

The initial amount before any deductions

The amount after FICA deductions only

$53.90

$20.58

$7.11

$19.60

To fund federal infrastructure projects

To support older Americans with Social Security and Medicare

To pay for current healthcare benefits only

To fund personal retirement accounts

State tax and federal tax

Health insurance and retirement savings

Social Security and Medicare

Income tax and sales tax

Immediate access to funds

Long-term benefits like Social Security

Increased gross earnings

Reduction in overall tax liability

The total amount of taxes paid

The amount before any deductions

The amount after all deductions

The total amount of FICA taxes

To plan for retirement only

To make sure you can cover minor purchases

To ensure you can afford luxury items

To manage expenses within net pay

If it can be covered by gross earnings

If it fits within the net pay budget

If it will increase gross earnings

If it can reduce tax deductions