Do you ever wonder where exactly the money that is deducted from your gross pay goes? It can seem like a huge chunk when
your gross pay and net pay are $100 or more off. So where is this money that is being taken from your paycheck really
going? Read on to understand the basics of FICA, Medicare, and Social Security tax.
Blog Post FAQ
Yes. A paystub for self-employed people helps understand how FICA, Medicare, and Social Security taxes apply to a person's income. Self-employed individuals pay the employer and employee portions of these taxes. The paystub serves as a formal record of these transactions and can help simplify managing tax liabilities and payments.
The best pay stub generator that accurately and efficiently calculates your FICA, Medicare, and Social Security tax deductions is available at paystubsnow.com. Our pay stub generator is designed to ensure that all your appropriate deductions are accurately reflected in your paystub, providing you a comprehensive overview of your earnings and deductions.