WorksheetsInterpreting Your Paystub
Total questions: 6
Worksheet time: 3mins
____________ is the total amount of money you earn.
Gross income
Net income
Payroll
Deductions
____________ is the amount of money you have left over after taxes and other expenses are taken out of your paycheck.
Gross income
Net income
Payroll
Deductions
If you make $9.00 per hour and worked 36 hours over the past two weeks, what would your gross income be on your paycheck?
$648.00
$324.00
$600.00
$300.00
Your gross income for the week is $628.00. The federal government will take 10% for federal income taxes and another 6% will be deducted for state income taxes. How much will your net (take-home) pay be?
$531.29
$590.32
$532.00
$527.52
Why is it important to pay attention to the amount of taxes withheld from each paycheck? (Choose 3 answers.)
Your budget is based on your take-home pay.
You want to make sure your employer isn't withholding too much or too little in taxes.
You can adjust your withholdings if they are incorrect.
You want to make sure your employer isn't taking out state income tax.
Net income is also referred to as ___________.
a paycheck
a deduction
take-home pay
not much money
