Now that you have a new job, you're understandably excited about getting your first paycheck. In addition to helping keep your life running smoothly, a regular paycheck can help keep you on track to reaching your goals.

Every employer is different, but you should receive a paycheck on a regular schedule, whether it’s once a week, twice a month, or once a month.

When you receive that first paycheck, you’ll probably be a little disappointed. In all the excitement, you probably forgot about all the taxes and deductions that whittle away at the take-home total.

In addition to income tax, there can be other deductions. In this section, we'll look at both.

The Sample Paycheck Stub shows common taxes and deductions that might be withheld from your pay.