Are you puzzled by your paystub? Members Choice CU can help! Start with gross pay (how much you made), then move into #taxes like federal and (maybe) state income taxes and deductions for Social Security and Medicare. These are affected by the deductions claimed on your W-4. You’ll also find deductions for health insurance or healthcare savings, retirement plans, or other employer-sponsored plans. Right before the big finish, you’ll see any reimbursements from your employer for concealed expenditures. You then get to your net pay, which is the amount sitting safely in your credit union account!
Read More