Understanding Your Pay Stub

A pay stub is a record of an employee’s ______________________ , ______________________ , ______________________ .

• wages, deductions, taxes

• hours worked, vacation days, sick leave

• address, phone number, emergency contact

• job title, department, supervisor

Pay stubs allow employees to verify their pay is correct, have ______________________ , and provide proof of ____________________ or ____________________ when applying for housing or loans.

• income

• employment

• taxes

• vacation

Gross Pay: The amount of pay ________________ any taxes, benefits, or other deductions are taken out of the wages.

• before

• after

• including

• excluding

Net Pay: The amount of pay ________________ taxes, benefits, or other deductions are taken out of the wages. This amount will be paid to the employee on their paycheck.

• after

• before

• including

• without

YTD: This abbreviation stands for ________________________________________________ .

• Year To Date

• Yesterday To Date

• Yearly Total Data

• Yield To Debt

FICA stands for the ____________________________________________________________ .

• Federal Internal Compliance Act

• Federal Income Collection Agency

• Federal Investment and Credit Association

• Federal Insurance Contributions Act

Two common optional deductions are __________________________ and __________________________ .

• retirement, health insurance

• federal taxes, state taxes

• union dues, overtime pay

• social security, unemployment insurance

FICA Med Tax stands for:

• Financial Insurance and Care Act, Medical Tax

• Federal Income Contribution Assessment, Medical Tax

• Federal Insurance Contributions Act, Medicare Tax

• Federal Insurance and Care Assessment, Medical Tax

FICA SS Tax means:

• Federal Insurance Contributions Act Social Security Tax

• Federal Income and Corporate Assessment Social Security Tax

• Financial Insurance and Credit Association Social Security Tax

• Federal Insurance and Credit Act Social Security Tax

What does Fed Tax mean on a paystub?

• Federal Tax

• Federal Task

• Federation Tax

• Federal Tactic