Math of Finance

Some common _________ are taxes and retirement savings

• deductions

• gross income

• net income

• paychecks

When your wages go directly into your bank account

• payroll card

• paycheck

• direct deposit

• pay stub

this form tells you how much you earned all year

• W4

• W2

• 1040

• I 9

the amount you earn before taxes is your

• net income

• hourly rate

• take home pay

• gross income

this is the amount of time you are being paid for

• hourly rate

• pay period

• gross pay

• net pay

when you get a piece of paper to put into the bank, you have a

• payroll card

• direct deposit

• paycheck

• pay stub

this is how much your check is actually worth, after deductions

• take home pay

• gross pay

• federal withholding

• hourly rate

to find gross pay, you _______ your hourly rate by your hours worked

• multiply

• add

• subtract

• divide

to find net pay, you ________ your gross pay by your deductions

• multiply

• add

• subtract

• divide

these are required charges of citizens by local, state and federal governments

• taxes

• jobs

• 401(k)

• health insurance