UNDERSTANDING YOUR PAYCHECK
































Quick Tips on Calculating the Net Pay of a Paycheck
(Using the above paycheck as an example)

Step 1: Calculate total earnings: $720.00
Step 2: Calculate social security: - $27.30
Step 3: Calculate Medicare: -$9.42
Step 4: Calculate Federal Withholding: -$47.68
Step 5: Calculate applicable state, local, disability, and unemployment insurance withholdings: -$30.57
Step 6: Calculate adjustments (pretax and post-tax amounts). -$70.10
Step 7: From total earnings, subtract all employee withholding taxes, then add or subtract all adjustments
based on how they impact net pay. The end result is the net pay amount or “take-home” pay. $534.93

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Number 1:
Employer Information.
Employer Name and Address
Information.
Number 2:
Check Date. The date that
your check can be cashed or
when you should expect
Direct Deposit in your bank
account(s).
Number 3:
Demographic Information.
Employee Name and Address
information.
Number 4: Net Pay. Also
known as “take home pay”.
It is income after necessary
taxes and deductions have
been withheld. May include
Direct Deposit Bank Account
information as well.
PAYCHECK
INFORMATION
EARNINGS STATEMENT
INFORMATION
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Number 5: Allowances and Exemptions.
Personal exemptions reduce the employee's
taxable income on the employee's Form 1040
(US Individual Income Tax Return). When
entered into the payroll system, they reduce
the same amount of wages from income tax
withholding and therefore approximate the
employee's tax liability at the end of the year.

Number 6: Earnings. Earnings are your gross
pay before taxes and deductions. This area
contains hour, wage and salary information for
the current pay period including hours worked,
type of earnings (i.e., regular, sick, vacation,
holiday) and year- to date earnings.
Number 7: Deductions. An amount that is or
may be subtracted from an employee's
paycheck. They can be taken pre-tax or after
tax depending on the type of deduction. There
are also voluntary deductions (employee
authorized) & involuntary deductions such as
child support.
Number 8: Taxes. Withholding amounts for
each applicable tax authority. Federal taxes
are the taxes that are paid to the federal
government (the Internal Revenue Service or
IRS). FICA stands for Federal Insurance
Contributions Act and this tax funds both
Medicare and Social Security. State & Local
taxes are paid to the city and/or state where
you live, if applicable.

Number 9: Direct Deposit and Account Type.
Bank account information and amounts
deposited per account, if applicable.



Do you have a login to
view your check online?

If so, remember you can access your current
and historical check information at any time
by logging into Web Pay.

Based on your company’s configuration, you
may land directly in the Self Service Portal
upon logging in to Web Pay. From within the
portal, simply click your most recent paycheck
date link under the Compensation section to
access your current paycheck information or
to search for historical check dates.

If you do not have access directly into the Self
Service Portal, you can click Employees from
the top menu bar and select Current Checks
to access the same check information.












































Note:
Checks may vary slightly from company to company.

In order to maintain confidentiality, employees must
contact their Company Administrator with questions.
Paylocity is not authorized to speak directly with
employees.






Anatomy
of a
Paycheck