Gross and Net Pay

Gross and Net Pay

Financial Literature 2024

Gross Vs. Net Pay

● Gross Pay- The amount of money you earn BEFORE any

taxes or deductions take place.

● Net Pay- The amount of money in your check AFTER

taxes and deductions.

Gross Pay, Net Pay and Deductions

​https://www.youtube.com/watch?v=2eHbkUQVisU

-Ask Gusto Net and Gross Pay

Multiple Choice

How many hours are considered to be a full work week?

• 8 hours

• 20 hours

• 30 hours

• 40 hours

Multiple Choice

Which will always be higher? Net pay or Gross pay.

• Net pay

• Gross pay

Multiple Choice

True or False: Net pay = Gross pay - Total Deductions

• True

• False

Multiple Choice

Net Pay is...

• pay you get after deductions

• pay you get before deductions

• gross pay

• regular pay + overtime pay

Multiple Choice

________________________ is what you earned BEFORE deductions.

• Bonus Pay

• Gross Pay

• Net Pay

• Overtime Pay

Gross Pay, Net Pay and Deductions

1) Laurie works as a bricklayer. She earns a gross

pay of $215 per week. Her weekly deductions
come to $32. Calculate her net pay for the month.
How about the year?

Gross Pay, Net Pay and Deductions

1) $732-or the Month after taxes and

deductions

2) $8,784 -for year

Gross Pay, Net Pay and Deductions

Work on the next two problems with a shoulder partner and
turn in your assignment. You will then go to google
classroom and start working on the Uber Driver Activity."

Gross Pay, Net Pay and Deductions

Net and Gross Pay.pdf (Assignment students will be working on)