Success Story With Thomas William

First Job Paycheck Confusion? FICA, Taxes, and Forms W-2 & W-4 Explained

Episode Summary

In this episode, host Thomas William breaks down everything you need to know about your first paycheck — what all those confusing deductions mean and how to read your pay stub like a pro. You’ll learn about FICA taxes, federal and state withholdings, and the difference between Forms W-2 and W-4. Thomas explains how each form affects your paycheck, how to avoid underpaying or overpaying taxes, and what to expect when tax season comes around. Perfect for first-time employees or anyone who wants to finally understand where their money really goes.

Episode Notes