Paycheck Stubs Quiz

Why might employees need to use paycheck stubs?

• To apply for loans and assistance applications

• To apply for a driver's license

• To purchase groceries

• To book a vacation

How can paycheck stubs help employees?

• By keeping track of hours and budget expenses

• By finding new job opportunities

• By improving their credit score

• By planning their holidays

How do paycheck stubs benefit employers?

• By making sure employee information is correct

• By increasing employee productivity

• By reducing company expenses

• By improving customer satisfaction

What does a pay stub generally list?

• Your taxable earnings, gross pay, and net pay.

• Your taxable earnings, deductions, and bonuses.

• Your gross pay, net pay, and hours worked.

• Your net pay, bonuses, and overtime pay.

What is gross pay?

• The amount of money you take home after deductions.

• The total amount of money that you earned that pay period.

• The amount of money you have after taxes.

• The amount of money you have after expenses.

What is net pay?

• The total amount of money that you earned that pay period.

• The amount of money you have before taxes.

• The amount of money that you get to take with you.

• The amount of money you have after expenses.

What are some of the withholdings listed on a pay stub?

• Federal taxes, state taxes, Social Security, and Medicare

• Rent, groceries, and utilities

• Car payments, insurance, and phone bills

• Entertainment, travel, and dining out

What largely accounts for the difference between your taxable earnings and net pay?

• Withholdings for federal taxes, state taxes, Social Security, and Medicare

• Monthly rent and utility bills

• Car payments and insurance

• Entertainment expenses

Which of the following is NOT typically listed on a pay stub?

• Child care payments

• Retirement contributions

• Paid time off

• Grocery expenses

What is the term used for the piece of income that the federal government takes from each paycheck?

• Income tax

• Sales tax

• Withholding tax

• Property tax