Two employees can earn the exact same gross pay and still take home completely different net pay. This video explains why, and where each deduction comes from:
• Gross pay includes salary, wages, overtime, bonuses, and tips
• Pre-tax deductions like 401(k) and health insurance come out first
• Payroll taxes cover federal and state income tax plus FICA
• Remaining deductions include garnishments and uniform fees
Understanding both numbers matters for compliance and for keeping payroll surprise-free. Learn more:
intuit.me/3Ro288m
Subscribe to our YouTube channel:
intuit.me/3bOj0M2
Visit
QuickBooks.com:
intuit.me/QBO
#QuickBooks