How to use deductions to make the most of your paycheck

The video tutorial explains how to manage your paycheck effectively by understanding the difference between net and gross pay, and the various deductions that affect your take-home pay. It covers mandatory deductions like Social Security, Medicare, and income taxes, and highlights the importance of pre-tax benefits such as health insurance and retirement plans. The tutorial advises against cutting back on these benefits due to their long-term advantages and suggests using online tax calculators to better understand deductions. Finally, it encourages viewers to review their pay stubs and consult HR for additional benefits.

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