Power Of The Paycheck

Helpful Terms & Tools

Paycheck
Overview

Exemptions

Deductions
Here You
Will Learn
- How to use payroll deductions strategically to save money, build investments, reduce income taxes, and pay for employee deductions
- How to manage your income and deductions (thus affecting your take-home pay) through withholding strategies
- How to get free money from your employer
- How to calculate all of your sources of income to avoid over or under paying for taxes
Big Financial Impacts


Did You Know
You can avoid surprise income taxes by keeping track of all your sources of income (not just your paycheck). Income could include tips, gambling winnings, rental income from owned property, unemployment compensation, social security income, lottery winnings, alimony/child support, if you sell something – like a car, scholarship income, and more….