It is important that workers review their pay stubs to check for errors. Fact or fiction?
Fact
Oops!
Check
Okay!
Check
15
If state and federal minimum wages differ, the worker is paid the lower of the two. Fact or fiction?
Fiction: The worker is entitled to the higher of the state or federal minimum wage.
Oops!
Check
Okay!
Check
15
A pay stub is a document that many employers provide to workers each pay period. It typically lists the workerโs current and year-to-date gross pay, taxes, deductions, net pay, and hours. Fact or fiction?
Fact
Oops!
Check
Okay!
Check
15
Health insurance premiums, union dues, and retirement plans like 401(k)s are all types of paycheck deductions that can decrease a workerโs net pay. Fact or fiction?
Fact
Oops!
Check
Okay!
Check
15
All U.S. states withhold state income tax from workersโ paychecks. Fact or fiction?
Fiction: Most, but not all U.S. states, have a state income tax.
Oops!
Check
Okay!
Check
boom
Lose 50 points!
Oops!
rocket
Go to first place!
Okay!
shark
Other team loses 20 points!
Okay!
banana
Go to last place!
Oops!
15
The pay for an hourly employee is calculated the same way that the pay for a salaried employee is calculated. Fact or fiction?
Fiction: An hourly employee earns an hourly rate (e.g., $20 per hour)while a salaried employee earns an annual salary (e.g., $50,000 per year)
Oops!
Check
Okay!
Check
15
If workers do not have a bank account, they can cash a paycheck at a check-cashing service or at some banks, but they will likely be charged a fee for doing so. Fact or fiction?
Fact
Oops!
Check
Okay!
Check
seesaw
Swap points!
Oops!
magnet
Take 25 points!
Okay!
shark
Other team loses 25 points!
Okay!
banana
Go to last place!
Oops!
thief
Give points!
5
10
15
20
25
magnet
Take 25 points!
Okay!
rocket
Go to first place!
Okay!
thief
Give points!
5
10
15
20
25
15
The median (middlemost) weekly earnings of full-time U.S. workers is about $1,120. Fact or fiction?
Fact
Oops!
Check
Okay!
Check
15
Approximately 141,000 U.S. workers earn exactly the federal minimum hourly wage. Fact or fiction?
Fact: According to the Bureau of Labor Statistics, 141,000 U.S. workers earned exactly the currentย federal minimum hourly wage (2022 data).
Oops!
Check
Okay!
Check
15
Workers should carefully consider how they spend and save their paycheck. Fact or fiction?
Fact
Oops!
Check
Okay!
Check
15
From each paycheck, 6.2% of a workerโs 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?
Fact
Oops!
Check
Okay!
Check
15
Only workers over the age of 65 must have Medicare taxes withheld from paychecks. Fact or fiction?
Fiction: Although Medicare provides health care for those over age 65, all workers must pay the tax.
Oops!
Check
Okay!
Check
15
A nonexempt worker earns an annual salary and does not receive overtime pay. Fact or fiction?
Fiction: An exempt worker, not a nonexempt worker, earns an annual salary but is not required toreceive overtime pay.