Understanding Payslips

Understanding Payslips

11th Grade

10 Qs

quiz-placeholder

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Understanding Payslips

Understanding Payslips

Assessment

Quiz

Other

11th Grade

Practice Problem

Easy

Created by

Emma Emma

Used 2+ times

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10 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a payslip?

A summary of your earnings and deductions

A document stating how much tax you've paid in a tax year

A document you receive when your employment ends

A document showing your tax code

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What does the gross pay on a payslip represent?

Full pay before any deductions

Deductions that change each payday

Deductions that don't change from payday to payday

Amount after all deductions have been taken off

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a payroll number?

A number representing the tax period

A number indicating the rate of tax

A number used to identify employees

A number showing the amount of take-home pay

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What information would you be unlikely to find on a payslip?

Payroll number and tax period

Expenses and pensions

Student loan and workplace benefits

Bank account details

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What does the tax code on a payslip indicate?

Rate at which you're taxed

Amount of income you can earn tax-free

Amount you've earned so far this year

Method of payment for your earnings

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the meaning of total net pay on a payslip?

Amount you've earned before deductions

Amount you actually receive in your bank account

Amount of income you can earn tax-free

Amount you've earned so far this year

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What does year-to-date (YTD) represent on a payslip?

Amount you've earned before deductions

Amount you actually receive in your bank account

Amount of income you can earn tax-free

Amount you've earned so far this year

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