See exactly what lands in your bank account each paycheck — federal and state income tax, Social Security, Medicare, 401k contributions, and health insurance all accounted for.
Pre-tax deductions (401k, FSA, HSA, health insurance premiums) reduce your taxable income before federal and state tax is calculated — a significant advantage. A $6,000 annual 401k contribution at 22% federal + 5% state tax rate effectively costs only $4,380 out of pocket. Your employer also pays 7.65% FICA on your behalf — your total compensation is higher than your gross salary.