<ul><li>FICA = Social Security + Medicare taxes (usually around 7.65%).</li></ul> <ul><li>W-4 form tells your employer how much tax to withhold.</li></ul> <ul><li>W-2 form is what you receive at year-end to file your taxes.</li></ul> <ul><li>Your take-home pay is always less than your gross pay due to deductions.</li></ul> <ul><li>Adjusting your W-4 can help balance between higher take-home pay and lower tax refunds.</li></ul>

FICA = Social Security + Medicare taxes (usually around 7.65%). W-4 form tells your employer how much tax to withhold. W-2 form is what you receive at year-end to file your taxes. Your take-home pay is always less than your gross pay due to deductions. Adjusting your W-4 can help balance between higher take-home pay and lower tax refunds.

<ul><li>FICA = Social Security + Medicare taxes (usually around 7.65%).</li></ul>&nbsp;<ul><li>W-4 form tells your employer how much tax to withhold.</li></ul>&nbsp;<ul><li>W-2 form is what you receive at year-end to file your taxes.</li></ul>&nbsp;<ul><li>Your take-home pay is always less than your gross pay due to deductions.</li></ul>&nbsp;<ul><li>Adjusting your W-4 can help balance between higher take-home pay and lower tax refunds.</li></ul>

First Job Paycheck Confusion? FICA, Taxes, and Forms W-2 & W-4 Explained

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Welcome to Success Story with Thomas William, the podcast where inspiring journeys meet actionable lessons. Each episode features conversations with entrepreneurs, educators, leaders, and everyday achievers who turned challenges into opportunities.

Thomas dives deep into their wins, setbacks, and the strategies behind their growth — covering topics like business, education, mindset, performance, and personal development.

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🎙️ Success Story with Thomas William Welcome to Success Story with Thomas William, the podcast where inspiring journeys meet actionable lessons. Each episode features conversations with entrepreneurs, educators, leaders, and everyday achievers who turned challenges into opportunities. Thomas dives deep into their wins, setbacks, and the strategies behind their growth — covering topics like business, education, mindset, performance, and personal development. If you’re ready to learn from real stories, gain practical insights, and unlock your own potential, this podcast is for you.

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First Job Paycheck Confusion? FICA, Taxes, and Forms W-2 & W-4 Explained

First Job Paycheck Confusion? FICA, Taxes, and Forms W-2 & W-4 Explained