Take Home — Pay

Voluntary or required contributions like health insurance premiums, 401(k) retirement plans, or union dues. 2. Examples of Deductions

Your total earnings before taxes and deductions (annual salary divided by pay periods, or hourly rate × hours worked). Take Home Pay

To calculate your take-home pay, follow this formula: 401(k) retirement plans

Roth 401(k) contributions, garnishments, and life insurance premiums. 3. Key Factors Affecting Your Paycheck follow this formula: Roth 401(k) contributions