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Tax system?


I got last paycheck i found out there were so many tax deductions.I really need to know what type of deductions they were? or more specifically I want some one to tell me how to interpret the tax data on ones pay check.

You forgot to include what the type of deductions are on your paycheck.

Generally the basics:

Fed Federal w/h
State State w/h
SS Soc. security w/h
MC Medicare w/h

May include :
Hlth Health ins
C 401k elective deferral for retirement plan
S125 Cafeteria plan
D Term life insurance

It really varies but it should be stated on the paystub!

Sir could you eloborate more on america s tax system. so that i get to be familiar with whole system Report It

federal
state
ss
town you live in
town you work in

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