Pay Stubs

deduction math

100

Gross pay - deductions = ?

net pay

200

Gross pay - ? = net pay

deductions

300

? - net pay = deductions

gross pay

400

20 dollars are deducted form your pay check each month for health insurance. What is the YTD amount you have put in at the end of February?

$20

500

You earn $500 gross pay this pay period. $100 are deducted from your pay check. What is your net pay?

$400

Deduction Code Names

100

Health Ins

Health insurance

200

Fed tax

Federal income tax

300

FICA SS Tax

Social Security

400

FICA Med tax

Medicare

500

401k

retirement

Finding Wages

100

THIS is your pay before deductions

gross pay

200

THIS is your pay after taxes

net pay

300

What does YTD stand for?

Year to Date

400

You work 20 hours this pay period and get paid $10/hour. How much money did you earn (gross pay)?

$200

500

What does SSID stand for?

Social Security Identification OR Social Security Number

Wild Cards

100

What type of deduction is REQUIRED

taxes

200

Are all deductions required or are some optional?

Some are optional

300

What are two things that CAN be deductions but are NOT taxes?

401k aka Retirement

and

Health insurance

400

If you put $5 per month into retirement, how much money will you have saved for retirement at the end of the year?

$60

500

What are 2 things that you can choose to have deducted?

401k and health insurance