Paychecks and Paystubs

Front

What is income?

Back

Payment received for working.

Front

Wage

Back

Pay based on how many hours you worked during a pay period.

Front

What is a pay period?

Back

The time during which an employee worked.

Front

Salary

Back

Fixed regular payments based on a contract (agreement) between a worker and their employer. Stays the same even if you work more hours.

Front

When and how often you are paid or receive a paycheck depends on what?

Back

Your employer.

Front

Gross pay

Back

The total amount of your pay or wages.

Front

What is net pay?

Back

The amount you receive after deductions are subtracted.

Front

What is a deduction?

Back

Any amount subtracted from your check.

Front

What is a paystub?

Back

Explains how much you earned, the time period paid for, taxes, and deductions.

Front

Types and amounts taken out of paychecks...

Back

can vary greatly (meaning they can be very different for each person).