

Reading a Pay Stub
Presentation
•
Mathematics
•
10th - 12th Grade
•
Practice Problem
•
Easy
+18
Standards-aligned
Danny Esplin
Used 50+ times
FREE Resource
14 Slides • 20 Questions
1
Reading a Pay Stub
Notes

2
Poll
The amount of money you earn before taxes and other expenses are taken out.
Rate
Net Pay
Deduction
Gross Pay
3
Poll
Money taken from your paycheck to cover things like taxes and health insurance.
Rate
Net Pay
Deduction
Gross Pay
4
Poll
Wage, or the amount of money you earn per unit of time, such as an hour or week.
Rate
Net Pay
Deduction
Gross Pay
5
Poll
The amount of money you take home after taxes and other expenses are taken out.
Rate
Net Pay
Deduction
Gross Pay
6
Poll
Social Security Number
SSN
YTD
W-4
SUI
7
Poll
Year to Date: Total earnings or deductions from January 1 to date of paycheck.
SSN
YTD
W-4
SUI
8
Poll
A form that tells your employer how much federal tax to take out of your pay.
SSN
YTD
W-4
SUI
9
Poll
State Unemployment Insurance: A benefit for those who are eligible that provides temporary financial assistance when unemployed.
SSN
YTD
W-4
SUI
10
Poll
Gross Income before tax is calculated
Pretax
Current
Benefits
Allowance
11
Poll
A set amount deducted from gross pay for a specific purpose.
Pretax
Current
Benefits
Allowance
12
Poll
A cost such as health insurance paid in full or in part by an employer.
Pretax
Current
Benefits
Allowance
13
Poll
Related to a time period covered by a particular paycheck
Pretax
Current
Benefits
Allowance
14
Pay Stub
This additional form that 's attach to the check is called the pay stub. It shows the details of what you have earned and what amounts have been deducted during the pay period
15
B. Pay Period
This is the calendar days for which you are being paid.
16
C. Gross Income
the full amount you earned during the pay period.
17
C. Gross Income
the full amount you earned during the pay period.
18
D. Net income or take home
the amount you're being paid after taxes, insurance, or other costs have been subtracted from your gross income.
19
E. Number of withholding allowances you are claiming.
It determines how much money your employer takes out of every paycheck to help cover your taxes and whether, at the end of the year, you'll receive a refund or woe more taxes to the government.
20
F. Taxes
You don't take home very dollar you earn. You must pay taxes and employers by law must pay them from your paycheck. The most common taxes are federal income taxes and state income taxes.
21
G. Social Security
You have to pay a Social Security contribution with each paycheck to fund retirement and medical care after retirement.
22
H. Workers Compensations or disability Taxes
These Fund programs that programs that provide support for you're injured on the job or are unable to work.
23
I. Unemployment
Contributions to unemployment insurance provide support for programs that provide support if you're injured on the job or are unable to work.if you lose your job through a layoff or no fault of your own.
24
J. Health Insurance
If you are a full-time employee receiving health insurance benefits you usually have to pay part of the cost yourself, and it;s often deducted from your pay.
25
K. Other deductions
Sometimes other deductions may be taken fromyour paycheck, fore example, union dues or contributions to savings and retirement plans that you choose to participate in.
26
Taxes
https://www.youtube.com/watch?v=dApGdXs-elc
27
Open Ended
Who is Jonathan's Employer?
28
Open Ended
What is the lenght of the pay period Jonathan just worked.
29
Open Ended
How many total hours did Jonathan work during this pay period?
30
Open Ended
What amount per hour does Jonathan get paid for regular hours worked?
31
Open Ended
Did Jonathan work any overtime this period?
32
Open Ended
List the type and amount of each tax deduction for Jonathan for this pay period:
33
Open Ended
List the type and amount of any other deductions for Jonathan for this pay period:
34
Open Ended
What is Jonathan's year-to-date earnings for 1999
Reading a Pay Stub
Notes

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