net pay

Front

What is Net Pay?

Back

Net Pay is the amount of money you receive after all deductions have been taken from your gross pay.

Front

How many times are you paid in a year if you are paid WEEKLY?

Back

52 times.

Front

What is Gross Pay?

Back

Gross Pay is the total amount of money earned before any deductions are made.

Front

If Susan worked 52 hours this week, how many hours did she work OVERTIME?

Back

12 hours.

Front

How do you calculate monthly pay from annual salary?

Back

Divide the annual salary by 12.

Front

If Mary gets paid $12,300 a year, how much does she get paid each month?

Back

$1,025.

Front

What are deductions?

Back

Deductions are amounts taken out of your gross pay, such as taxes, insurance, and retirement contributions.

Front

What is the difference between Gross Pay and Net Pay?

Back

Gross Pay is the total earnings before deductions, while Net Pay is what you take home after deductions.

Front

What is Overtime Pay?

Back

Overtime Pay is the additional pay received for hours worked beyond the standard workweek, typically over 40 hours.

Front

What is a paycheck?

Back

A paycheck is a document that an employer gives to an employee as payment for work done.