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Earnings Statements

Total questions: 15

Worksheet time: 1hrs 15mins

Name
Class
Date
1.

How much did Mickey earn for retirement savings this pay period?

(a)  

2.

How much did Mickey earn for overtime this pay period?

(a)  

3.

How much did Mickey take home (after deductions) this pay period?

(a)  

4.

How much did Mickey take home (after deductions) on an average day?

(a)  

5.

How many hours did Mickey work during this pay period?

(a)  

6.

How much did MIckey earn on an average day?

(a)  

7.

How much more did Mickey earn per hour for overtime?

(a)  

8.

What is gross pay?

a)

The money you get AFTER deductions are taken out

b)

The money you earn BEFORE deductions are taken out

c)

Money that is really disgusting

9.

How many hours do most full-time employees work in a typical week?

a)

10

b)

20

c)

30

d)

40

10.

What is overtime pay?

a)

A higher rate of pay that you get for working extra hours

b)

Extra deductions withheld from your paycheck

c)

Money used for retirement

d)

Money you have to pay to your boss

11.

Check 3 types of deductions.

a)

Taxes

b)

Overtime

c)

Health insurance

d)

401K savings

12.

What are 401K savings used for?

a)

Taxes

b)

Insurance

c)

Retirement

d)

Overtime

13.

What does YTD stand for?

a)

Year To Date

b)

Yearly Tax Discount

c)

You Throw Doughnuts

14.

What is net pay?

a)

The money you get AFTER deductions are taken out

b)

The money you earn BEFORE deductions are taken out

c)

Money used to catch fish

15.

How much money did Mickey earn so far THIS YEAR?

(a)