Action Tip: Okay. Yesterday we explored what we were putting in our 401k. Now, we are so close to our net pay that we take home. If you have anything else taken out of your paycheck like flex spending account or HSA account contributions, subtract those out. Here are two examples:
Remember, we aren’t trying to be payroll specialists, but we do want to know and understand what makes our gross pay different from what’s direct deposited into our bank accounts.