Is a lot held out of your paycheck

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Hi everyone,

I was just curious if by the time you have your health plan, 401 K etc, held out of your paycheck, PLUS

state and federal taxes , if your take home pay is quite a bit less.

smiling,

Pat

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Specializes in Nursing Professional Development.

Sure -- a whole lot less. I have about 50% of my paycheck taken out -- some of it required taxes, some of it taken out for things I have chosen -- such as my retirement, my healthcare insurance, dental insurance, legal insurance, long-term care insurance, flexible spending account for healtcare, and a charity contribution.

I'd rather have those things taken out of my paycheck rather than get the cash and then be tempted to spend it. This way, I know these important financial needs are taken care of automatically.

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Specializes in OB/GYN, Peds, School Nurse, DD.
:cool: When my son got his first check from his first-ever job he was furious--"WHO is FICA and why are they taking my money?!"
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Specializes in Developmental and Peds with disabilities.
:cool: When my son got his first check from his first-ever job he was furious--"WHO is FICA and why are they taking my money?!"

hahaha thats good:lol2:

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Specializes in Trauma-Surgical, Case Management, Clinic.

yes. with taxes, insurance, and retirement, $1,000 a month is taken out of my check. :(

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