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Quick Tips on Calculating the Net Pay of a Paycheck Using the above paycheck as an example Step 1 Calculate total earnings 720. FICA stands for Federal Insurance Contributions Act and this tax funds both Medicare and Social Security. State Local taxes are paid to the city and/or state where you live if applicable. Number 9 Direct Deposit and Account Type. Bank account information and amounts deposited per account if applicable. Anatomy of a Paycheck Do you have a login to view your check...
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