Holding A Job/Paychecks

When you get your paycheck, you get all of the money you earned?

• yes

• no

When you get a paycheck you will have which MANDATORY deductions? (Choose 3)

• Medical Insurance

• Medicare (FICA)

• Social Security (FICA)

• 401K (Retirement)

• Federal and state taxes Taxes

Your Paycheck stub will show you: (Choose 3)

• The jobs you did

• Your Earnings

• Your Deductions

• Your Gross and Net Pay

• How well you performed your job

What are earnings?

• The Money you make for working

• Amount of discounts you get at the place you work

• How much money is subtracted from your paycheck

Paycheck deductions are

• The Money you earn for working

• The money you save with your employee discount

• How much money is taken out of your paycheck

Gross pay is:

• The money you save with your employee discount

• The total money you earned for the hours you worked

• The total amount of deductions taken from your pay check

If you work 10 hours and you earn $10.00/hour, will your paycheck be for $100?

• Yes

• No

On a paycheck stub, What is an allowance (Choose 2)

• The money the federal government gets from you

• The money the federal government gives you

• The money the state government gets from you

• The money the state government gives to you

The W-4 Personal Allowances Form

• Tells the government how much to take out for taxes

• Tells the government how much money they give you with your paycheck

All employees have to complete this form

• Yes

• No