Now that you have a new job, you're understandably excited about getting your first paycheck. In addition to helping keep your life running smoothly, a regular paycheck can help keep you on track to reaching your goals.

Every employer is different, but you should receive a paycheck on a regular schedule, whether it’s once a week, twice a month or once a month.

When you receive that first paycheck, you’ll probably be a little disappointed. In all the excitement, you probably forgot about all the taxes and deductions that whittle away at the take-home total.

In addition to income tax, there can be other deductions. In this section, we'll look at both.

Employment ABCs: Understanding Your Paycheck

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The Sample Paycheck Stub shows common taxes and deductions that might be withheld from your pay.