From each paycheck, 6.2% of a worker’s gross pay is withheld for Social Security (retirement and disability benefits) and 1.45% is withheld for Medicare (health care for those over 65). Fact or fiction?

If an employee earns $20 per hour and works 40 hours, the net pay is $800. Fact or fiction?

A worker submits a W-4 form to adjust the amount of federal tax withheld from the paycheck. This is one way to help ensure the correct amount of federal tax is paid. Fact or fiction?

Base pay is a worker’s normal hourly or annual wage plus overtime pay and bonuses. Fact or fiction?

A pay stub is a document that many employers provide to workers each pay period. It typically lists the worker’s current and year-to-date gross pay, taxes, deductions, net pay, and hours. Fact or fiction?

All U.S. employers must issue paychecks to workers each week. Fact or fiction?

If a worker quits a job before payday, the worker does not receive a final paycheck. Fact or fiction?

The U.S. Department of Labor enforces minimum wage, overtime, and other job laws. Fact or fiction?

If state and federal minimum wages differ, the worker is paid the lower of the two. Fact or fiction?

The median (middlemost) weekly earnings of full-time U.S. workers is almost $1,100. Fact or fiction?

If an employer withholds taxes from paychecks, those workers never have to file an annual federal

income tax return (report). Fact or fiction?

A worker’s net pay is smaller than gross pay. Fact or fiction?

If a company pays “time and a half” for overtime and a worker’s base pay is $20 per hour, then the worker will earn $20.50 for each hour of overtime. Fact or fiction?

If a worker earns a $500 sales bonus, the net pay will increase by $500. Fact or fiction?

Approximately 181,000 U.S. workers earn exactly the federal minimum hourly wage. Fact or fiction?

Workers should carefully consider how they spend and save their paycheck. Fact or fiction?

Overtime is generally considered hours worked over 40 in a week. Fact or fiction?

The size of one’s paycheck is a good way to judge a person’s character and abilities. Fact or fiction?

Wage theft occurs when a worker steals money from an employer. Fact or fiction