Reading a Pay Stub

Reading a Pay Stub

Notes

Poll

The amount of money you earn before taxes and other expenses are taken out.

• Rate

• Net Pay

• Deduction

• Gross Pay

Poll

Money taken from your paycheck to cover things like taxes and health insurance.

• Rate

• Net Pay

• Deduction

• Gross Pay

Poll

Wage, or the amount of money you earn per unit of time, such as an hour or week.

• Rate

• Net Pay

• Deduction

• Gross Pay

Poll

The amount of money you take home after taxes and other expenses are taken out.

• Rate

• Net Pay

• Deduction

• Gross Pay

Poll

Social Security Number

• SSN

• YTD

• W-4

• SUI

Poll

Year to Date: Total earnings or deductions from January 1 to date of paycheck.

• SSN

• YTD

• W-4

• SUI

Poll

A form that tells your employer how much federal tax to take out of your pay.

• SSN

• YTD

• W-4

• SUI

Poll

State Unemployment Insurance: A benefit for those who are eligible that provides temporary financial assistance when unemployed.

• SSN

• YTD

• W-4

• SUI

Poll

Gross Income before tax is calculated

• Pretax

• Current

• Benefits

• Allowance

Poll

A set amount deducted from gross pay for a specific purpose.

• Pretax

• Current

• Benefits

• Allowance

Poll

A cost such as health insurance paid in full or in part by an employer.

• Pretax

• Current

• Benefits

• Allowance

Poll

Related to a time period covered by a particular paycheck

• Pretax

• Current

• Benefits

• Allowance

Pay Stub

This additional form that 's attach to the check is called the pay stub. It shows the details of what you have earned and what amounts have been deducted during the pay period

B. Pay Period

This is the calendar days for which you are being paid.

C. Gross Income

the full amount you earned during the pay period.

C. Gross Income

the full amount you earned during the pay period.

D. Net income or take home

the amount you're being paid after taxes, insurance, or other costs have been subtracted from your gross income.

E. Number of withholding allowances you are claiming.

It determines how much money your employer takes out of every paycheck to help cover your taxes and whether, at the end of the year, you'll receive a refund or woe more taxes to the government.

F. Taxes

You don't take home very dollar you earn. You must pay taxes and employers by law must pay them from your paycheck. The most common taxes are federal income taxes and state income taxes.

G. Social Security

You have to pay a Social Security contribution with each paycheck to fund retirement and medical care after retirement.

H. Workers Compensations or disability Taxes

These Fund programs that programs that provide support for you're injured on the job or are unable to work.

I. Unemployment

Contributions to unemployment insurance provide support for programs that provide support if you're injured on the job or are unable to work.if you lose your job through a layoff or no fault of your own.

J. Health Insurance

If you are a full-time employee receiving health insurance benefits you usually have to pay part of the cost yourself, and it;s often deducted from your pay.

K. Other deductions

Sometimes other deductions may be taken fromyour paycheck, fore example, union dues or contributions to savings and retirement plans that you choose to participate in.

Taxes

https://www.youtube.com/watch?v=dApGdXs-elc

Open Ended

Who is Jonathan's Employer?

Open Ended

What is the lenght of the pay period Jonathan just worked.

Open Ended

How many total hours did Jonathan work during this pay period?

Open Ended

What amount per hour does Jonathan get paid for regular hours worked?

Open Ended

Did Jonathan work any overtime this period?

Open Ended

List the type and amount of each tax deduction for Jonathan for this pay period:

Open Ended

List the type and amount of any other deductions for Jonathan for this pay period:

Open Ended

What is Jonathan's year-to-date earnings for 1999