Understanding Your Pay Vocab

Understanding Your Pay Vocab

Assessment

Flashcard

Business

12th Grade

Practice Problem

Easy

Created by

Mary Cox

Used 1+ times

FREE Resource

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13 questions

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1.

FLASHCARD QUESTION

Front

Pay Stub

Back

A document that outlines an employee's earnings and deductions for a specific pay period.

2.

FLASHCARD QUESTION

Front

Gross Income (Pay)

Back

The total amount of money your employer paid you before any taxes or deductions are taken out.

3.

FLASHCARD QUESTION

Front

Net Income (Pay)

Back

your take-home pay or paycheck;

the money left after all taxes & deductions have been taken out of the gross pay.

4.

FLASHCARD QUESTION

Front

Deductions

Back

Amounts subtracted from gross income, such as taxes, insurance, and retirement contributions.

5.

FLASHCARD QUESTION

Front

Checking Account

Back

A bank account that allows easy access to funds through deposits and withdrawals.

6.

FLASHCARD QUESTION

Front

Deposit

Back

  • * the action of putting money into your bank account

  • * describes an amount of money put into your bank account.

7.

FLASHCARD QUESTION

Front

Credit

Back

am amount of money put into your bank account

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