FM M2 Gross vs. Net Pay

What is a pay period?

• amount of time you work in 1 day

• length of time for which an employees wages are calculated

• amount of pay you get in 1 week

What is gross pay?

• the amount of money earned in a pay period BEFORE deductions

• the amount of money earned in a pay period AFTER deductions

• the amount of money earned in 1 year

Tags

CCSS.6.NS.B.3

What are deductions?

• money subtracted from your net pay for things like taxes

• money added to your gross pay for things like taxes

• money subtracted from your gross pay for things like taxes

Tags

CCSS.6.NS.B.3

What is net pay?

• the amount of money earned in a pay period BEFORE deductions

• the amount of money left after deductions have been removed from gross pay

• the amount of money earned in 1 year

Tags

CCSS.3.OA.D.9

Which is bigger: gross or net pay?

• gross pay

• net pay

• they are the same

Tags

CCSS.5.NBT.A.4