The World's Easiest Explanation of Taxes

0. Introduction

The salary you start receiving every month once you become a working adult. And the pay stub.
It is no exaggeration to call it a report card for working adults, which shows the value society has placed on you.

Despite these being such vital numbers, just seeing stiff terms like "standard monthly remuneration," "insurance premium rate," and "deductions" is enough to make one feel weary. In short, many people do not know the calculation process for various taxes and insurance premiums.
I suspect there are many such people.
To my embarrassment, I am undoubtedly one of them.

Therefore, in this article, I will unravel the mechanisms using real-life examples of pay stubs and diagrams, without using any difficult concepts.

*Note: To prioritize clarity, some parts may differ from strict definitions. Please refer to the following for accurate information.

1. Health Insurance Premium

2. Employees' Pension

3. Employment Insurance Premium

4. Income Tax

5. Resident Tax

Some of you might be surprised.
As a result of prioritizing clarity, there isn't even an explanatory text.

However, I think that is fine.
Because along with this, you can simply acquire the necessary knowledge if and when you need it.