Teens · Money basics
Reading your first paycheck
What gross pay, net pay, and withholding actually mean.
7 min read
Try this
You earned $400 gross. Your stub shows: federal income tax $32, Social Security $24.80, Medicare $5.80, state tax $12. What's your net pay?
Show suggested answer
Subtract everything from $400: $400 − $32 − $24.80 − $5.80 − $12 = $325.40.
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