Statement of Earnings B

Multiple Choice

Which of the following best describes 'net pay'?

• The total amount earned before any deductions

• The amount left after all tax and personal deductions from gross pay

• The amount paid for overtime only

• The total of all deductions

Open Ended

Why is it important to understand how to calculate your net pay from your statement of earnings?

Multiple Select

Which of the following are commonly deducted from your gross pay to calculate net pay?

• Union dues

• Community fund contributions

• Savings plan contributions

• All of the above

Open Ended

Do you have any questions about calculating net pay or would you like to learn more about statements of earnings?