Your paystub EXPLAINED!

A basic principle of overall financial literacy is being able to understand where the numbers on your paystub come from and how they relate to each other to reduce your gross pay to your net pay. This video makes an attempt to clear all that up. 0:00 Introduction 0:39 Gross vs. Net Pay 1:06 Introducing "Marta" 2:02 Earnings 2:43 Pre-tax Deductions 3:23 Tax Withholding 5:00 After-tax Deductions and Net Pay 5:27 Checking your Paystub and Conclusion For more information on filling out W4 Forms, click here: https://youtu.be/XWZOzCZUr4Y and here: https://youtu.be/8Wj9AoanMDE To learn more about your W2 Form, click here: https://youtu.be/F7_Gwux_tAE Additional Information and Resources: The Balance: "Median Salary in the U.S.": https://www.thebalancemoney.com/average-salary-information-for-us-workers-2060808 IRS Form W-4: "Employee's Withholding Certificate": https://www.irs.gov/pub/irs-pdf/fw4.pdf IRS Publication 15T: "Federal Income Tax Withholding Methods": https:/www.irs.gov/pub/irs-pdf/p15t.pdf If you want to check your state withholding, go to your state's Department of Revenue and search for "withholding tables." The Tax Geek on Twitter: www.twitter.com@taxgeekusa The Tax Geek on Reddit: www.reddit.com/r/askataxgeek Image/Video Sources: Storyblocks.com The image of "Marta" was generated by thispersondoesnotexist.com (stability.ai) and any resemblance between these images and any person, living or dead, is coincidental and not intended. *No other artificial intelligence was used to research, write, animate, voice, or edit this video* Intro Music: "Bluesy Vibes" - Doug Maxwell - YouTube Creator Music Outro Music: "Modern Attempt" - Track Tribe under license from YouTube Creator Music DISCLAIMER: This video is for educational and informational purposes only. It is not intended to render tax advice or financial advice for individual situations. If you have questions regarding your particular situation, please consult with a qualified tax or financial professional. The information in this video is current as of date of publication, and is subject to changes.