Study Skills-Check Stubs

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.

What is overtime?

• When a worker puts in time beyond their regularly scheduled hours.

• When a worker puts in hard work within their working day.

• When a worker has to leave their work site to complete a task.

• When a worker clocks out before the end of the work day.

What is gross pay?

• The amount of money a worker earns after deductions.

• The amount of money a worker earns for overtime.

• The amount of money a worker earns for cashing in vacation time.

• The amount of money a worker earns before deductions.

What is the difference between a salary and an hourly pay rate?

• A salary is a fixed amount of money; hourly pay is determined by how many hours one works.

• A salary is based upon how many hours one works; hourly pay is a fixed amount of money.

• A salary is always better than an hourly rate of pay.

• There is no difference between salary and hourly pay rates.

What is a deduction?

• The amount of money a worker receives per pay period.

• The amount of money subtracted from a worker's gross pay.

• The amount of money subtracted from a worker whose work is poor in quality.

• The amount of money subtracted fro ma worker who is continually logging overtime.

Which of the following is not a mandatory deduction?

• Federal and state taxes

• FICA (Social Security / Medicare)

• Healthcare

• Local taxes

What does the phrase Net Pay refer to?

• The amount of money a person is paid per hour.

• The amount of money before deductions.

• The amount of money a person is paid per year.

• The amount of money left over after deductions.

What does "YTD" stand for on a paystub?

• "Year To Date" - Total sick time used since the beginning of the year.

• "Year To Date" - Total number of paychecks since the beginning of the year.

• "Year To Date" - Total pay since the beginning of the year.

• "Year To Date" - Total number of deductions since the beginning of the year.

What is a paystub?

• money you can spend

• an explanation of how much money was earned and the types of deductions and amounts were withheld from a worker's paycheck

• the amount of money you earn before deductions

• the time worked beyond an employee's regular hours

If you get paid once a week, your pay period is called __________.

• bi-weekly

• weekly

• monthly