Ch 10 Lesson 2 Reading a Pay Stub

Fill in the Blanks

1. 1. What is the employee's gross pay?

Fill in the Blanks

2. 2. How much local tax is deducted from the paycheck?

Fill in the Blanks

2. 3. How much state tax is deducted from the paycheck?

Fill in the Blanks

2. 4. How much federal tax is deducted from the paycheck?

Fill in the Blanks

2. 5. How much did the employee contribute to FICA?

Fill in the Blanks

2. 6. How much did the employee contribute to Medicare?

Fill in the Blanks

2. 7. How much did the employee pay for other (nontax) deductions?

Multiple Select

2. 8. What was the purpose of the other deductions?

• Health Insurance

• Retirement 401K

• Medicare

• City Taxes

• Vacation

Fill in the Blanks

2. 9. What percentage of the employee's income is set aside for retirement?

Fill in the Blanks

2. 10. What is the employee's net pay?

Fill in the Blanks

2. 11. What percent of the employee's paycheck is deducted for taxes and other expenses?

Fill in the Blanks

2. 12a. How many hours did the employee work during this pay period?

Fill in the Blanks

2. 12b. How many is the employee paid per hour?

Fill in the Blanks

2. 13. How much does this employee pay monthly for health insurance?

​Assignment:

• Goto Ramsey Classroom
  Chapter 10 Lesson 3 Activity

  Only use the information given. Most entries will be blank.
  

• You may use Textbook and Video as resources