Understanding a Paycheck

Understanding a Paycheck

9th - 12th Grade

27 Qs

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Understanding a Paycheck

Understanding a Paycheck

Assessment

Quiz

Life Skills

9th - 12th Grade

Medium

Created by

Stephanie Ryan

Used 2+ times

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27 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

3 mins • 12 pts

Media Image

What's a check stub?

What you give to the bank to deposit.

The part of a paycheck that lists deductions from your salary

It's an envelope.

2.

MULTIPLE CHOICE QUESTION

5 mins • 12 pts

Media Image

What's a pay period?

The length of time for which an employee's wages are calculated; most are weekly, bi-weekly, twice a month or monthly.

It's a time sheet.

a paper document issued by an employer to pay an employee for services rendered

3.

MULTIPLE CHOICE QUESTION

5 mins • 12 pts

Media Image

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.

4.

MULTIPLE CHOICE QUESTION

3 mins • 12 pts

What's net pay?

The amount of a paycheck AFTER all deductions are taken out.

The amount of a paycheck BEFORE all deductions are taken out.

The net worth of an individual

5.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

When should you fill out a W-4?

When you quit a job
When you have 401K benefits 
When you start a new job
Whenever you feel like it

6.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Media Image

Why do you need to fill out a W-4?

It lets your employer determine what kind of health insurance you need.
It helps your employer determine what percentage of your income should be deducted for taxes.

7.

MULTIPLE CHOICE QUESTION

1 min • 12 pts

With this payment method, employers put the employee’s paycheck into the authorized employee’s bank account 

paycheck
payroll card
direct deposit
 all are the same

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