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WorksheetsHow to read your paystub
Total questions: 10
Worksheet time: 6mins
When you are paid by the hour, it is considered a _____________
Salary
Profitability
Wage
Credit
When you are paid a set amount annually, you are receiving a_________________
Salary
Wage
Debt
Expenditure
The amount you earn AFTER taxes and other deductions is known as_____________
Indispensable Income
Gross Income
Disposable Income
Net Income
The amount of money you see BEFORE taxes and other deductions are taken from your income is called_________
Gross Profit
Gross Income
Net Pay
Net Income
Select ALL that apply:
Which is/are examples of deductions you may see on your paystub?
Social Security
Medicare
Bonus Pay
Overtime
Please select ALL that apply:
What are examples of benefits you may receive from your employer that will show up on your pay stub?
Medicaid
Health Insurance
401 K
Federal Income Taxes
The amount required by law for employers to withhold from earned wages/salary from employees to pay taxes. This is the largest deduction withheld from an employee’s gross income.
State Income Tax
Federal Income Tax
Corporate Income Tax
Sales Tax
The nation’s health care program for the elderly and disabled. This tax provides hospital and medical insurance to those who qualify.
401 K
Medicaid
Medicare
IRA
A form you must complete when you are employed. The information provided on this form determines the percentage of gross income to be withheld for taxes.
Social Security Card
I9
W2
W4
The nation’s retirement program. This tax helps provide income for the elderly and pays disability benefits.
Allowances
Deductible
Medicare
Social Security
