Payroll deductions

A variety of deductions come between one's gross salary or wages, and the amount on the paycheck itself. This article summarizes....

Gross Salary/Wages - Pretax Health/Dental/Vision Ins. - Healthcare FSA - Daycare FSA - Employer-sponsored HSA - Pretax Commuter costs = FICA base salary/wages

- 401(k) / 403(b) / TSP / etc. - Traditional 457 plans - Pre-tax pension contribution = W-2 Box 1

- Roth 401k / 403b / TSP / 457 / etc. - ESPP/After-tax 401k - After-tax pension contribution = Net paycheck before tax

- FICA taxes - Federal withholding - State/City withholding - = Amount on the paycheck