WorksheetsIdentifying Paystub Components
Total questions: 30
Worksheet time: 2hrs 46mins
What word means:
The amount of money you take home after taxes and expenses are taken out?
Net Pay
Gross Pay
Deduction
Rate
What word means:
Money taken from your paycheck to cover things like taxes or health insurance
Rate
Deduction
Gross Pay
Net Pay
How much do you actually take home?
Gross Pay: $1450
Net Pay: $1200
$1450
$1200
$500
The Rate of Pay on your paycheck means what?
The amount you get paid per hour
The number of hours you are suppose to work
How hard you worked
What is gross pay?
The amount of money a worker earns after deductions.
The amount of money a worker earns for overtime.
The amount of money a worker earns for cashing in vacation time.
The amount of money a worker earns before deductions.
What does deductions mean?
Taxes and holdings
Taxes and retirement
Taxes and medicare
Taxes and money
Net pay is ...
income before deductions
income after deductions
income you take home
income with holdings
What document contains your total number of hours worked in a payment period?
Pay Stub
Paycheck
W-4
Social Security
What word means:
Money taken from your paycheck to cover things like taxes or health insurance
Rate
Deduction
Gross Pay
Net Pay
What word means:
The amount of money you take home after taxes and expenses are taken out?
Net Pay
Gross Pay
Deduction
Rate
What is the name of a form that tells your employer how much tax to take our of your pay?
W-4
SUI
WWE
NCC-1701
Which of the following taxes come out of your paycheck?
State Income Taxes
Federal Income Taxes
Social Security
Ramen Noodle Tax
True of False: If you get Health Insurance through your employer, the fee is taken directly out of your paycheck.
True
False
What is an hourly wage?
Money paid for time worked beyond a worker's regular schedule.
The amount of money paid by an employer per hour worked.
The amount of money deducted from a worker's paycheck.
A worker's total annual income.
What is overtime?
When a worker puts in time beyond their regularly scheduled hours.
When a worker puts in hard work within their working day.
When a worker has to leave their work site to complete a task.
When a worker clocks out before the end of the work day.
What is the difference between a salary and an hourly pay rate?
A salary is a fixed amount of money; hourly pay is determined by how many hours one works.
A salary is based upon how many hours one works; hourly pay is a fixed amount of money.
A salary is always better than an hourly rate of pay.
There is no difference between salary and hourly pay rates.
Which of the following is not a mandatory deduction?
Federal and state taxes
FICA (Social Security / Medicare)
Healthcare
Local taxes
What does "YTD" stand for on a paystub?
"Year To Date" - Total sick time used since the beginning of the year.
"Year To Date" - Total number of paychecks since the beginning of the year.
"Year To Date" - Total pay since the beginning of the year.
"Year To Date" - Total number of deductions since the beginning of the year.
Which of the following is not a reason to double check your paystub?
To make sure the net amount is accurate after taxes.
To make sure you have agreed to the voluntary deductions.
To make yourself upset about how much money is taken out of your check.
To make sure you are paid for the time you have worked.
