
Understanding Payslips
Authored by Emma Emma
Other
11th Grade
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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