Reading a Pay Stub

What is a pay period?

• time worked beyond an employee’s regular hours

• the number of days an employee works and is paid for each paycheck

• the day a person is paid

Multiplying a worker’s hourly wage amount and hours worked per pay period equals?

• pay period

• salary

• gross pay

• net pay

A fixed amount of money per year paid to an employee to do a job is known as a _____?

• hourly rate

• deduction

• overtime pay

• salary

What is a deduction?

• the total income for a pay period

• net pay

• the amount of money subtracted from your paycheck

• overtime pay

Hourly wage is a specific rate of money per hour worked that is paid by an employer.

• True

• False

A Payday is the day a person is paid.

• True

• False

A salary is a fixed amount of money paid to an employee to do a job.

• True

• False

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

• True

• False

Each time a worker is paid, he/she should receive a detailed list of deductions on a pay stub or a deposit slip (if money is directly deposited to a bank account).

• True

• False

How much did Jose earn this pay period? *Before deductions were taken out

• $1335.00

• $445.00

• $340.52

• None of the above