Timesheets
What is a timesheet used for?
To record the hours you worked.
What does a paycheck show?
The money you earned, including deductions like taxes.
Name one way to deposit your paycheck.
Teller, ATM, mobile app, or direct deposit.
What does SSA stand for?
Social Security Administration.
Give one example of a holiday expense.
Gifts, decorations, holiday food, or travel.
Name two things you should include on a timesheet.
Start/end times, total hours worked, dates, and name.
Name one tax that is taken out of a paycheck.
Income tax, Social Security, or Medicare.
What do you need to open a checking account?
Photo ID, Social Security number, proof of address.
Why should someone report their earnings to SSA?
To get the correct benefits and avoid overpayments.
Why is it important to budget during the holidays?
To avoid overspending and make sure you can pay for necessities.
Why should you fill out your timesheet every day?
To stay accurate and avoid mistakes or late pay.
Amanda earns $15/hr. She worked 8 hours. How much will she earn before taxes?
$120
Name one thing you can do with a checking account.
Pay bills, deposit money, withdraw cash, use a debit card.
When should SSI recipients report income?
Every month.
Sammy has $500 for holiday spending. She spends $300 on gifts and $100 on food. How much does she have left?
$100.
Bobby worked 5 hours Monday, 4 hours Tuesday, and 6 hours Wednesday.
How many total hours did she work?
What is a pay stub?
A document showing your earnings, deductions, and hours worked.
Noah deposits a $215.50 paycheck and takes out $50 cash. How much is left in his account?
Answer: $165.50.
Name one type of income SSA wants you to report.
Wages, tips, self-employment income, or other earned income.
Name one strategy to save money on holiday gifts.
Make homemade gifts, set a spending limit, shop sales, or track expenses.
If you accidentally report 2 extra hours on your timesheet, what could happen to your paycheck?
You could be overpaid, which might need to be corrected later.
If you receive $200 in tips in a week, how should this affect your paycheck reporting?
Include it as earned income; it may affect taxes and SSA reporting.
Why is it important to regularly check your bank account balance?
To avoid overdrafts, track spending, and spot errors.
Seana started a new job and earns $250 this month. Explain what she should do with SSA.
Report her earnings to SSA for the month to ensure benefits are correct.
Explain why balancing spending and saving is important during the holidays.
To enjoy the season without debt and still save for future goals.