To calculate your take-home pay, follow this formula:
Roth 401(k) contributions, garnishments, and life insurance premiums. 3. Key Factors Affecting Your Paycheck
Voluntary or required contributions like health insurance premiums, 401(k) retirement plans, or union dues. 2. Examples of Deductions
Mandatory withholdings including federal income tax, state income tax (if applicable), Social Security (6.2%), and Medicare (1.45%).