Pay Check Vocabulary

Front

What is net pay?

Back

The amount of money an employee takes home after deductions and taxes.

Tags

CCSS.RI.11-12.4

CCSS.RI.7.4

CCSS.RI.8.4

CCSS.RI.9-10.4

CCSS.RI.9-10.4

Front

What is the amount of money an employee takes home after deductions?

Back

Net pay.

Tags

CCSS.6.RP.A.3B

Front

What does 'gross pay' mean?

Back

All the money you get before anything is taken out.

Tags

CCSS.L.11-12.4C

CCSS.L.6.4C

CCSS.L.7.4C

CCSS.L.8.4C

CCSS.L.9-10.4C

Front

What are deductions?

Back

The money taken from a worker's pay for things like taxes and insurance.

Tags

CCSS.RI.11-12.4

CCSS.RI.7.4

CCSS.RI.8.4

CCSS.RI.9-10.4

CCSS.RI.9-10.4

Front

What is gross pay?

Back

The total amount of money an employee receives before any deductions are taken out.

Front

What is take-home pay?

Back

Another term for net pay, the amount received after deductions.

Tags

CCSS.L.11-12.4C

CCSS.L.6.4C

CCSS.L.7.4C

CCSS.L.8.4C

CCSS.L.9-10.4C

Front

What is a 401(k) contribution?

Back

A retirement savings plan that allows employees to save a portion of their paycheck before taxes.

Tags

CCSS.L.11-12.4C

CCSS.L.6.4C

CCSS.L.7.4C

CCSS.L.8.4C

CCSS.L.9-10.4C

Front

What is overtime pay?

Back

Extra money earned for working more than the standard hours.

Tags

CCSS.RI.11-12.4

CCSS.RI.7.4

CCSS.RI.8.4

CCSS.RI.9-10.4

CCSS.RI.9-10.4

Front

What are taxes?

Back

Mandatory contributions to government revenue, deducted from gross pay.

Tags

CCSS.RI.11-12.4

CCSS.RI.7.4

CCSS.RI.8.4

CCSS.RI.9-10.4

CCSS.RI.9-10.4

Front

What is a paycheck?

Back

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

Tags

CCSS.RI.11-12.4

CCSS.RI.7.4

CCSS.RI.8.4

CCSS.RI.9-10.4

CCSS.RI.9-10.4