Define Payment
What does it mean?
Where is it?
How much is it worth?
Bonus!
100
What is the definition of Gross Earnings?
Gross earnings, also known as gross income or gross pay, refers to the total amount of money an individual, household, or company earns before any deductions or taxes are taken out.
100
What does "Rate" mean?
"Rate" means "Rate of Pay", or the hourly wage.
100
Where can we find the amount of hours the employee worked?
Under the "Hours" column.
100
How much did the employee make in Gross pay during this pay period?
$600.00
100
What is the employee's name?
George Mathew
200
What is the definition of Net Pay?
Net pay, also known as take-home pay or net income, is the amount of money an employee receives after all deductions and withholdings (like taxes and benefits) have been subtracted from their gross pay.
200
What does "Total" mean?
The total means the total amount of gross earnings the employee made during that pay period?
200
Does this employee get paid every week or bi-weekly?
The employee gets paid weekly. We can prove this underneath where it says "Pay Schedule", it states "Weekly".
200
How much money in federal taxes has this employee paid in 2023?
$35.81
200
What is the name of the employer?
Design LLC
300
What does YTD Gross Pay mean?
"Year-to-date gross pay" (YTD gross pay) refers to the total amount of an employee's gross earnings, before any deductions or taxes, from the beginning of the calendar year (or fiscal year, if applicable) up to the current date.
300
What is a deduction?
A paycheck deduction is an amount subtracted from an employee's gross pay before they receive their net pay, either for mandatory withholdings like taxes or voluntary deductions for benefits or other purposes.
300
Where can we find what days the employee gets credit for the hours they are paid by the company?
Underneath the "pay period" near the top right.
300
How much money did the employee have taken out of their paycheck in state tax?
$9.73
300
What is the full address where the employee lives?
1839, Echo Lane, San Leandro, California
400
What does YTD Net Pay mean?
"Year-to-date net pay" or YTD net pay, as it's often abbreviated, represents the total amount of money an employee has taken home (after all deductions and taxes) from the beginning of the current calendar year up to the current pay period.
400
What does "CA State" mean in this example?
It means the amount the employee is paying in state taxes to the state of California.
400
Where can I find the total deduction taken out of the employee's paycheck?
In the bottom right.
400
How much did the employee pay into FICA this pay period?
$37.20
400
What is the check number for this statement?
2810
500
Why is George's "YTD Net Pay" the same as his "Net Pay"?
Because YTD means (year-to-date) meaning that's how much they've made there the entire year. The pay period is 1/1 to 1/7, making it the first pay stub of the year.
500
What does "FICA" mean on this paystub?
FICA is a U.S. federal payroll tax. It stands for the Federal Insurance Contributions Act and is deducted from each paycheck.
500
Where can the employee find their employer's mailing address?
Top Left.
500
How much did the employee make this pay period after taxes and deductions?
$503.16
500
What is the last 4 digits of the employee's social security number?
0909