Interpreting A Paycheck

Gross and Net Pay are the same thing.

• True

• False

• Depends

Your paycheck will look like everyone else's

• True

• False

• Depends

It isn't necessary to understand each deduction because the company knows what it is.

• True

• False

• Depends

Two things that will always be withheld from your earnings are Federal Income Tax and Social Security.

• True

• False

• Depends

All states require their residents to play state income tax.

• True

• False

• Depends

If you don't understand something on your paycheck, it's okay to ask the payroll clerk about it.

• True

• False

• Depends

Gross Pay is __________.

• pay that is disgusting

• the salary you earn

• your take-home pay

• the celery you earn

• you're take-home pay

Net Pay is __________.

• your earnings without deductions

• your earnings after deductions

• a special tax

• only for fisherman

• added to your gross pay

An earnings statement tells you _________.

• the amount of your gross pay, deductions, and net pay

• the name of your union representative

• your yearly salary minus half your social security

• secrets about the company

• only your earnings without deductions

A deduction is an amount that is __________.

• added to your gross pay

• subtracted from your net pay

• subtracted from your gross pay

• added to your gross pay

• observable from a distance