Deductions
Usually the largest deduction
What is Federal Income Tax
This represents where the employee earned money
What is the Company name
This is necessary in order to ensure the check belongs to the correct person
What is Full Name
What does “hourly wage” mean?
You are paid a set amount for each hour worked
This deduction helps with medical costs
What is Health Insurance
The type of pay that is written on the check itself
What is NET PAY
Pay amount BEFORE deductions
What is GROSS Pay
What is extra pay called when you work more than your normal hours?
Overtime pay
A 9 digit number that is unique only to you
What is a Social Security number
The document that details what deductions have been taken out of your check
What is a Pay Stub
Pay amount AFTER deductions
What is NET pay
What payment method sends your paycheck straight to your bank account?
Direct deposit
This deduction benefits one of these represented by the stars on the flag
What is State Tax
The most COMMON pay schedule used in most businesses
What is every two weeks (biweekly
The name given to indicate how much you have earned since the beginning of the year
What is Year To Date
True or False: Gross pay is always the same as net pay.
False
The time unit used to signify how much a person works
What is an hour
The name given to the type of pay that is paid on a yearly basis
What is SALARY
When money is taken out of your pay
What is a DEDUCTION
What document shows your earnings, taxes, and deductions for each pay period?
Pay stub