Income and Paystubs

Deductions

100

This deduction helps pay for government services like military, national parks

Federal Tax

200

This deduction helps pay for local things, like city parks, schools, and roads

State tax

300

This deduction is a security/safety net for elderly or disabled people who are not working

FICA Social security

400

This deduction helps pay for health insurance/medical care for those over 65

FICA Medicare

500

Name one other deduction that is a BENEFIT directly to you and can be optional

Health insurance, dental insurance, 401k/retirement

Paycheck

100

What do we call the thing we use to deposit money into our bank account (how we get paid)

paycheck

200

If your employer offers to match your retirement contributions, should you?????

Ex. if you put in 5% to retirement, your employer puts an extra 5% in your retirement

YES- it is free money on top of your paycheck!

300

True or False: You deposit (put in) your paystub into your bank account

False- you deposit your paycheck!

400

Is gross pay or net pay written on the paycheck?

Net pay

500

Getting paid by the year is called a _______ 

(not by the hour, starts with S)

salary

Pay Stub

100

What do we call the days in which you worked that will count toward our paychecks (it is on the paystub)

Pay period

200

Pay amount BEFORE deductions

What is GROSS Pay

300

Pay amount AFTER deductions

What is NET pay

400

What do we call the document that lists gross pay, net pay, deductions, etc…

Paystub

500

The name for taking money out of your paycheck

A DEDUCTION

MISCELLANIOUS

100

The big mountain range in Colorado

Rocky Mountains

200

What is James Bond's code name?

007

300

How do you spell my name?

Fraase

400

The colossal squid has the biggest _________ of any animal.

eye

500

The sport played in a doyho

sumo wrestling

Wages

100

Gross pay is calculated by __________ x __________

Hourly wage x hours worked

200

Double time (overtime) rate is calculated by multiplying your hourly wage by ____

2

300

Time and a half rate is calculated by multiplying your standard hourly rate by ______

1.5

400

How much would I make if I get paid $15.23 and work 11 hours?

$167.53

500

How much would I make if I get paid $32.45 and work 21 hours?

$681.45