When you start a new job, especially your first job, spend some time studying your paycheck. They can look complicated because they are full of abbreviations, but it's worth your time to make sure everything is correct and you understand exactly how your money is being divvied up.
You will see tax deductions, as well as possibly other deductions before and after tax. If you have signed up for some automatic deductions (such as money for your flexible spending account (FSA), personal contributions to your retirement account, or voluntary buy-up plans for your health insurance) make sure the amount withdrawn is what you expected.
If you get a raise, check and make sure that the correct amount is written on your next paycheck. (I speak from experience, as someone who spotted an error that would have cost me $600 per year if I hadn't checked.)
If something isn't adding up, ask your employer. People make mistakes, and they will correct it for you.
Submitted November 01, 2020 at 07:53PM by westghost9 https://ift.tt/3oVaX6T
