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Understanding Your Paycheck

Total questions: 11

Worksheet time: 22mins

Name
Class
Date
1.

What's a check stub?

a)

What you give to the bank to deposit.

b)

The part of a paycheck that lists deductions from your salary

c)

It's an envelope.

2.

What's a pay period?

a)

The length of time for which an employee's wages are calculated; most are weekly, bi-weekly, twice a month or monthly.

b)

It's a time sheet.

c)

a paper document issued by an employer to pay an employee for services rendered

3.

What's gross pay?

a)

The total amount of an employee's earnings BEFORE deductions are taken out.

b)

It's when you feel gross because of your paycheck

c)

It;s the total amount of an employee's earnings AFTER all deductions.

4.

What's net pay?

a)

The amount of a paycheck AFTER all deductions are taken out.

b)

The amount of a paycheck BEFORE all deductions are taken out.

c)

The net worth of an individual

5.
With this payment method, employers put the employee’s paycheck into the authorized employee’s bank account 
a)
paycheck
b)
payroll card
c)
direct deposit
d)
 all are the same
6.

If you worked 40 hours per week at $10 per hour, what is your gross income for the week?

a)

$227

b)

$4000

c)

$40

d)

$400

7.
Which is bigger, gross pay or net pay?
a)
gross pay
b)
net pay
8.
money that is subtracted from your paycheck and given to the federal government to help run the country
a)
Local Tax
b)
State Tax
c)
Federal Tax
9.
money that is subtracted from your paycheck and given to your state's government to help run the state
a)
Local Tax
b)
State Tax
c)
Federal Tax
10.
money that is subtracted from your paycheck to pay for your medical coverage
a)
social security
b)
insurance
c)
retirement
11.
the amount of money you earn for working more than 40 hours each week
a)
overtime pay
b)
extra pay
c)
hourly pay