Understanding your payroll deductions is important for managing your personal finances. Depending on which global office you work in, you’ll see different deductions on your paystub.
- U.S.: Deductions include federal and state income taxes, Social Security and Medicare taxes (FICA), and any contributions to health insurance, retirement plans (401k), or flexible spending accounts.
- Japan: Deductions include income tax, resident tax, health insurance, pension insurance, and employment insurance.
- France: Deductions include social security contributions, income tax, unemployment insurance, and complementary health insurance.
- Brazil: Deductions include income tax, social security contributions (INSS), union contributions, and any contributions to the employee meal program or private pension plans.
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