It’s important to understand the details of our paychecks and paystubs - what is taken out of my paycheck. Not just the gross amount we get paid, but the taxes and deductions that get taken out. Paycheck deductions and payroll taxes. Money Funnies produces a series of videos that quickly but carefully explain important financial principles. We’re not a bank or other financial institution here to sell you products. Our goal is to educate as many people as possible on how the financial system works and how to make it work for you. We publish new videos regularly, so please subscribe! Find Money Funnies at https://themoneyfunnies.com Follow us for more tips and fun on Instagram and Tiktok / rebeccashoval / moneyfunnies What is Taken Out of My Paycheck? Paycheck Deductions + Payroll Taxes • What is Taken Out of My Paycheck? Paycheck... Music by MBB / mbbmusic / mbbofficial / mbb_music #PayrollTaxes #PaycheckDeductions #FICA 00:00 Introduction 00:21 Gross Pay 00:49 Taxes and Other Deductions 01:46 A word from Rachel Green 02:08 Payroll Taxes aka FICA 02:56 Types of Income Taxes