Pay Check acronyms
Pay Check terms
Pay Check maths
Unit Price
Budgeting
100
What does SSN stand for?
What is Social Security Number
100
What does RATE mean when looking at a pay check?
What is the amount of money made PER hour
100
If I make $40 an hour and work 80 hours a week, how many money do I earn?
What is $3200
100
If my unit price per apple is 0.08, how much money is that?
What is 8 cents
100
The best way to budget is to make an expense sheet? true or false
what is true
200
The term on your pay check that says YTD- stands for Year To ____?
What is "date"
200
what does the term DEDUCTIONS mean?
What is the amount of money TAKEN out
200
If you make $30 an hour and work 40 hours a week, THEN you make overtime which was 45$ per hour and work 10 hours a week, how much TOTAL do you make in gross income (before taxes)?
$1,200+$450 = What is $1650 weekly.
200
If my unit price is 0.1 how much money is that?
What is 10 cents
200
You as a teacher makes $52,000/yr. Your partner an electrician makes $39,000/yr. How much money do they earn BEFORE taxes (gross income) per year?
what is $91,000 annually/per year
300
What is a 401k?
What is a retirement account
300
What does gross pay mean?
What is the money you earn BEFORE taxes
300
If I put $200 of my pay check into a 401k and I get paid every two weeks, how much would I have in my 401k in one year?
What is $4800
300
What is unit price?
what is the amount an item is per unit (oz, lb's, etc)
300
When having a child, name two things you need to budget for?
what is clothes, diapers, food, day care, etc
400
What does OT stand for? (in money sense)
What is overtime.
400
What does net income mean?
what is the amount of money you make AFTER taxes/deductions are taken out
400
It's a good idea to keep old pay stubs for 3 months before they are thrown out. true or false?
what is false, at least a year
400
If I have a bag of potatoes and the unit price for the 1st bag is $1.24 and the 2nd bag is $1.19, which is the better deal- 1st or 2nd bag?
what is 2nd bag because $1.19 is less than $1.24
400
You are going to rent a house. Your monthly net income is $10,000. Your housing choice MUST NOT EXCEED 45% of your monthly net income.
Calculate what your MAXIMUM amount you can spend.
$4,500
500
What does FT and ST stand for? (hint: they are two types of taxes)
Federal tax and State tax
500
Name ONE example of a deduction that would be taken from your pay check?
What is : any of these options:
Statutory Deductions
FICA Medicare
FICA Social Security
Federal Tax W/H
MN State Tax
Voluntary Deductions
401K
500
_____________ gives the amount you have
earned AFTER deductions for the year
What is YTD Net
500
What is the formula to calculate unit price?
500
What is the principal amount mean when you are trying to buy a car?
the original cost of the car