Paystubs Barry Edit

Front

What is a pay stub?

Back

A pay stub is a document provided by an employer that outlines an employee's earnings and deductions for a specific pay period.

Tags

CCSS.RI.11-12.7

CCSS.RI.8.7

CCSS.RI.9-10.7

CCSS.RL.11-12.7

CCSS.RL.9-10.7

Front

What does gross pay mean?

Back

Gross pay is the total amount of money earned by an employee before any deductions are made.

Tags

CCSS.RI.11-12.3

CCSS.RI.11-12.5

CCSS.RI.8.3

CCSS.RI.9-10.3

CCSS.RI.9-10.5

Front

What is net pay?

Back

Net pay is the amount of money an employee takes home after all deductions have been subtracted from gross pay.

Front

What are deductions?

Back

Deductions are amounts of money that are subtracted from an employee's gross pay, such as taxes, insurance, and retirement contributions.

Tags

CCSS.RI.11-12.3

CCSS.RI.11-12.5

CCSS.RI.8.5

CCSS.RI.9-10.3

CCSS.RI.9-10.5

Front

What is the purpose of state taxes?

Back

State taxes are collected by the government to fund public services and programs within the state.

Front

What is Medicare?

Back

Medicare is a federal health care program that provides health coverage for individuals aged 65 and older, as well as some younger individuals with disabilities.

Front

What is the difference between weekly and biweekly pay?

Back

Weekly pay means employees are paid once a week, while biweekly pay means employees are paid every two weeks.

Tags

CCSS.RI.11-12.3

CCSS.RI.11-12.5

CCSS.RI.8.5

CCSS.RI.9-10.3

CCSS.RI.9-10.5

Front

What is overtime pay?

Back

Overtime pay is additional compensation earned by employees who work more than their standard hours, typically calculated at a higher rate.

Front

What is the significance of the year-to-date (YTD) earnings?

Back

Year-to-date earnings show the total amount an employee has earned from the beginning of the year up to the current pay period.

Front

What is a tax withholding?

Back

Tax withholding is the amount of an employee's earnings that is withheld by the employer to pay federal, state, and local taxes.