Got my first direct deposit paycheck today at my new job. I was a little unnerved as it appeared lower than what I originally thought I was going to get. I repeatedly punched the numbers and hours into the Calculator again and again to confirm and re-affirm my estimates were correct. I just prayed it was a 1 week paycheck vs. a 2 week.
Upon arriving home, I received the receipt in the mail, a hard copy of the direct deposit, merely paper documentation the direct deposit is official. It broke down what was deducted from my gross pay. I was flabbergasted at the amount uncle Sam is taking as per his cut. I am not sure if it is my tax bracket, my inputs on my W2 or what, but dear God… state was a little less harsh, but still it hurt. I additionally have 10% taken out for savings. Yearly, I end up netting about half of what I gross in total. Am I paying for the internet or something?
I sure hope this hizz-ouse helps me out in taxes at the end of the year.