UNDERSTANDING YOUR PAY ASSESMENT

WHEN YOU RECIEVE YOUR PAYCHECK YOU WILL GET A ________ THAT BREAKS DOWN HOW AND WHY YOU GOT PAID WHAT YOU DID.

• PAY CHECK

• PAY STUB

• PAY SCALE

• NONE OF THE ABOVE

The length of time for which an employees wages are calculated

• pay period

• gross pay

• deducton

• tax

total amount of money earned during a pay period

• gross pay

• net pay

• dependent

• w-4

Amount of money subtracted from your gross pay

• deduction

• gross pay

• net pay

• tax

Fee imposed by the Gov to provide for the common needs of its citizens

• tax

• w-4

• deduction

• net pay

The amount of money left after all deductions are taken out

• Net pay

• gross pay

• pay check

• none of the above

A document that helps decide how much tax is withheld from your paycheck

• W-4

• W-2

• W-3

• W-W

A person who relies on another for financial support (child, elderly)

• Dependant

• Deductions

• None of the above

SOME OF THE DEDUCTIONS THAT COME OUT OF YOUR PAYCHECK ARE TAXES. WHAT ARE TAXES USED FOR?

• PROVIDING SERVICES THAT WE USE

• HELPING RUN THE COUNTRY

• GIVING ME THINGS I NEED WHEN IM OLDER

• ALL OF THE ABOVE

Gov. agency that enforces/collects taxes

• IRS

• Income Tax

• E-Filing

• w-2