How to Read a Pay Stub

What is another term for a pay stub?

• Salary invoice

• Payment voucher

• Wage bill

• Earning statement

What does the pay stub show?

• Details about your salary for each pay period

• Only the employee's personal information

• Only the net income

• Only the gross income

What is included in the deductions section of a pay stub?

• Year-to-date summary

• Taxes taken from your gross earnings

• Net income

• Gross earnings

What are the three main types of federal taxes withheld from your pay?

• Medicare, Social Security, Unemployment tax

• State tax, Medicare, Social Security

• Federal income tax, Medicare, Social Security

• Federal income tax, State tax, Health insurance

What is gross income?

• The amount you make after taxes and deductions

• The amount you make before taxes and deductions

• Your net earnings or take-home pay

• The total of your deductions

What does the pay period refer to?

• The date you receive your paycheck

• The time you have worked that is calculated for your pay

• The total amount of taxes deducted

• The schedule for when deductions are taken

What is net income often called?

• Year-to-date gross

• Total deductions

• Take-home pay

• Gross earnings

How can employees ensure they are getting the correct amount on their pay stub?

• By only checking the gross income

• By understanding each section of a pay slip

• By ignoring the deductions section

• By focusing only on the net income

What should you do if you find errors on your pay stub?

• Ignore them

• Report any mistakes to your employer

• Only check the next pay stub for corrections

• Adjust the errors yourself

What is the pay date?

• The date when taxes are calculated

• The date you receive your paycheck

• The period you worked for

• The date you are supposed to work