Understanding Your Paycheck
Apr. 15, 2026
Money Basics
You just got paid – but now let’s make sure you understand your paycheck!
What is on My Paycheck?
Most paychecks include:
- Federal tax
- State tax
- Social Security + Medicare taxes
Sometimes also:
- Health insurance
- Retirement contributions
- Other benefits
Gross vs. Net Pay
- Gross pay = what you earned
- Net pay = what hits your bank account
Net pay = Gross pay – taxes – deductions
What to Look for on Your Pay Stub
Your pay stub will show you:
- How many hours you worked
- Your pay rate (ex. Hourly pay rate!)
- Gross pay
- Deductions
- Net pay
Tip: It’s helpful to review each paystub to ensure it’s accuracy!
Getting Paid at JHU
- Student employees are typically paid biweekly
- Pay is based on hours submitted and approved
- There’s usually a 1–2 week lag between working hours and getting paid
- You can view pay stubs and payment details in your JHU payroll system
