Understanding your Paycheck 16.1

Length of time for which wages are calculated _____

• pay week

• pay period

• pay check

• pay time

'Extras' is a fee imposed by a government to provide for the common needs.

• True

• False

Federal taxes, union dues, pension contributions, uniform fees, and loan payments are examples of:

• taxes

• dependents

• paychecks

• deductions

What's gross pay?

• The total amount of an employee's earnings BEFORE deductions are taken out.

• It's when you feel gross because of your paycheck

• It;s the total amount of an employee's earnings AFTER all deductions.

What are the total deductions for current pay period?

How much does employee make per hour?

• 13.92

• 40

• 24

• 26.12

How much did employee bring home this pay period?

• 772.40

• 960.00

• 187.60

Amount of money left after all deductions are taken is Gross Pay.

• True

• False

What tells an employer the correct amount of federal income tax to withhold?

• deduction worksheet

• Form W-2

• dependent worksheet

• Form W-4

A ______ is a person who relies on another for financial support.