Understanding Pay Stubs

How many hours were worked this pay period?

• 28
• 40
• 80
• 50

What is the gross amount for the year?

• 6,590.59
• 22,400
• 15,809.41
• 2,240

How many days was this current pay period?

• 12 days
• 16 days
• 8 days
• 14 days

A court ordered mandated deduction is:

• garnishment
• payroll tax
• federal tax
• medicare

A type of electronic bank debit card that has a specific dollar value programmed on it

• credit card
• debit card
• store card/gift card
• electronic card

Allows taxpayer to make certain deductions from taxable income, which determines how much federal & state taxes are deducted from a paycheck

• federal taxes
• social security
• medicare
• exemptions

Another name for take home pay:

• gross pay
• net pay

A card that allows you to purchase things now by borrowing funds from a financial company and you pay it back later, with interest.

• debit card
• credit card
• store card
• gift card

A medium of exchange:

• currency 
• coins
• money
• fiat money

A sudden, unexpected piece of good fortune is called windfall income

• True
• False