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Pay Stub Review

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  • Give one example of a deduction you may see on your pay stub.
    Answers will vary.
  • When your pay goes directly into your bank account, it is called:
    direct deposit
  • ____________ is the time PERIOD in which an employee worked and is being paid for.
    Pay Period
  • What is net pay?
    The amount of money that you get AFTER deductions.
  • A boss, manager, or CEO could be considered to be a/an:
    employer
  • Which is greater, gross income or net income? Explain why.
    Gross- it's the amount BEFORE any deductions.
  • Any amount of money subtracted from your check is called a:
    deduction
  • What is overtime?
    If you are an hourly employee and work more than your scheduled hours, you will get paid for working extra.
  • Why it is important to check your pay stub?
    Answers will vary.
  • __________ is a fixed regular payment based on an agreed amount between and employer and employee.
    Salary
  • Your __________ explains how much you earned, how much you pay in taxes, and money that was deducted.
    Pay Stub
  • When a person gets paid for the amount of hours he/she works is called: ____ rate.
    Hourly
  • Give one example of a deduction you might see on your pay stub.
    Answers will vary.
  • Explain why it's important to check your pay stubs.
    You need to make sure you're getting paid the correct amount and you have the right deductions.
  • What should you do if you notice an error in your paycheck?
    Answers will vary.
  • Another name for a worker is:
    employee
  • __________ is the total amount of your pay BEFORE deductions are made. (Gross Pay or Net Pay)
    Gross Pay
  • __________ is the amount you receive AFTER all deductions are made from your total earnings. (Gross Pay or Net Pay)
    Net Pay
  • __________ is any amount of money subtracted from your check.
    Deductions