Pay Stub Vocabulary & Calculations

Money taken from your paycheck to cover things like taxes and health insurance.

• Deduction

• Gross Pay

• Rate

• Net Pay

Answer explanation

Correct!

The amount of money you earn before taxes and other expenses are taken out.

• Net Pay

• Rate

• Gross Pay

• Deduction

Answer explanation

That is totally GROSS!

Wage, or the amount of money you earn per unit of time, such as an hour or week.

• Gross Pay

• Rate

• Net Pay

• Deduction

Answer explanation

YES! Rate :)

The amount of money you take home after taxes and other expenses are taken out.

• Rate

• Gross Pay

• Deduction

• Net Pay

Answer explanation

YUP...it is the money that you NET and take home!

Social Security Number

• SSN

• YTD

• W-4

• SUI

Answer explanation

KEEP this

SSN

PRIVATE and safe!

Never share

Year to date: Total earnings or deductions from Jan. 1 to date of paycheck.

• YTD

• W-4

• SUI

Answer explanation

Year

To

Date

YTD

A form that tells your employer how much federal tax to take out of your pay.

• SSN

• YTD

• W-4

• SUI

Answer explanation

Taxes are filed each year. The deadline is typically April 15.

State Unemployment Insurance: A benefit for those who are eligible that provides temporary financial assistance when unemployed.

• SSN

• YTD

• W-4

• SUI

Answer explanation

S tate

U nemployment

I nsurance:

temporary financial assistance when unemployed

Relating to the time period covered by a particular paycheck

• Current

• Benefit

• Allowance

• Pretax

Answer explanation

Current

Means for this pay period only, not from the year thus far.

Gross Income before tax is calculated

• Current

• Benefit

• Allowance

• Pretax

Answer explanation