Paystubs Barry Edit
Flashcard
•
Mathematics
•
9th - 12th Grade
•
Practice Problem
•
Hard
+4
Standards-aligned
Wayground Content
FREE Resource
Student preview
15 questions
Show all answers
1.
FLASHCARD QUESTION
Front
What is Social Security?
Back
A government program that provides retirement income for the elderly and pays disability benefits.
2.
FLASHCARD QUESTION
Front
What does FICA stand for?
Back
Federal Insurance Contributions Act, which includes Social Security and Medicare taxes.
3.
FLASHCARD QUESTION
Front
What are the two main components of FICA taxes?
Back
Social Security Tax and Medicare Tax.
4.
FLASHCARD QUESTION
Front
What is a deduction in the context of a paycheck?
Back
The amount of money subtracted from your paycheck.
Tags
CCSS.6.NS.B.3
5.
FLASHCARD QUESTION
Front
What is net pay?
Back
The amount of money remaining after taxes and deductions have been subtracted from gross pay.
Tags
CCSS.7.RP.A.3
6.
FLASHCARD QUESTION
Front
What is a pay stub?
Back
A document that explains how much money was earned and the types of deductions and amounts withheld from a worker’s paycheck.
7.
FLASHCARD QUESTION
Front
What is the largest deduction typically found on a pay stub?
Back
Federal Tax.
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