A Recipe For Your Paycheck
Something about the fall season makes me want to cook. Specifically, I want to turn on the oven and bake cookies, breads, quiche, crisp, cobbler… you name it. So in the spirit of fall, we are going to run “recipes” for the next few weeks on Women’s Money. Recipe For Your Paycheck The goal of this recipe is to create and shape your after-tax dough so that you know exactly what to do with your paycheck. In order to create this dough, you need to make your before-tax dough first. As a result, it is a multiple-step process that can take several days. Your Pre-Tax Dough This includes: Taxes (Including FICA/Medicare/State/Federal)Health/Vision InsuranceLife/Disability InsuranceHealth Savings AccountFlexible Spending AccountRetirement Savings Start with your total paycheck. Determine how to complete your company’s tax…
