understanding paychecks

What's a check stub?

• What you give to the bank to deposit.

• The part of a paycheck that lists deductions from your salary

• It's an envelope.

Tags

CCSS.RI.11-12.7

CCSS.RI.9-10.7

CCSS.RL.11-12.7

CCSS.RL.8.7

CCSS.RL.9-10.7

What's gross pay?

• The total amount of an employee's earnings BEFORE deductions are taken out.

• It's when you feel gross because of your paycheck

• It;s the total amount of an employee's earnings AFTER all deductions.

Tags

CCSS.7.RP.A.3

What's net pay?

• The amount of a paycheck AFTER all deductions are taken out.

• The amount of a paycheck BEFORE all deductions are taken out.

• The net worth of an individual

Tags

CCSS.RI.11-12.3

CCSS.RI.11-12.5

CCSS.RI.8.5

CCSS.RI.9-10.3

CCSS.RI.9-10.5

What's a deduction?

• It's the extra money you receive on your paycheck for working overtime.

• The amount of money taken from an employee's gross pay for taxes, insurance, social security and other benefits.

• When an employee loses his/her job because they are absent to much,

Tags

CCSS.6.NS.C.7C

If you worked 40 hours per week at $10 per hour, what is your gross income for the week?

• $227

• $4000

• $40

• $400

Tags

CCSS.7.EE.B.3

Which is bigger, gross pay or net pay?

• gross pay
• net pay

Tags

CCSS.6.RP.A.3D

money that is subtracted from your paycheck and given to the federal government to help run the country

• Local Tax
• State Tax
• Federal Tax

Tags

CCSS.RI.11-12.4

CCSS.RI.7.4

CCSS.RI.8.4

CCSS.RI.9-10.4

CCSS.RI.9-10.4

money that is subtracted from your paycheck and given to your state's government to help run the state

• Local Tax
• State Tax
• Federal Tax

Tags

CCSS.L.11-12.6

CCSS.L.8.6

CCSS.L.9-10.6

CCSS.W.11-12.2D

CCSS.W.9-10.2D

What is an hourly wage?

• Money paid for time worked beyond a worker's regular schedule.

• The amount of money paid by an employer per hour worked.

• The amount of money deducted from a worker's paycheck.

• A worker's total annual income.

Tags

CCSS.RI.11-12.3

CCSS.RI.11-12.5

CCSS.RI.8.3

CCSS.RI.9-10.3

CCSS.RI.9-10.5

Deductions are amounts of money subtracted from a worker’s gross pay.

• True

• False

Tags

CCSS.6.NS.C.7C