3.1 Check Yourself

Your ​​ ​ (a)   is the amount of money you earn BEFORE taxes and expenses are taken away from it.

• gross pay
• net pay
• retirement

Match the following

• Net Pay

• The amount of money in your check BEFORE taxes and other expenses are taken out.

• Taxes

• Money the government requires people to pay according to their income.

• Retirement Savings

• Money taken out to help pay towards important medical needs.

• Gross Pay

• The amount of money in your check AFTER taxes and other expenses are taken out.

• Medical Expenses

• Money taken out to help save for when you eventually stop working.

Click on the hotspot that represents the money the government takes based on your income.

Click on the hotspot that represents the amount of money leftover after tax and expenses are taken out.

Click on the hotspot that represents the amount of money before tax and other expenses are deducted.

Click on the hotspot that represents the amount of money taken out to help cover doctor visits.