Reading a Paystub Assessment

The percentage of a person's pay that is deducted for FICA-Medicare is

____ is the time period in which an employee worked and is being paid for

_____ is the amount you receive after all deductions are made from your total earnings

The percentage of a person's pay that is deducted for FICA- SOcial Security is...

A pay period or pay schedule for employees is determined by the

______ is a fixed regular payment based upon an agreed amount between the employer and employee

_____ is any amount of money subtracted from your check.

____ is the payment of money for labor or services performed

The amount on your paycheck in which all deductions have been made will represent your....

Fewer and fewer employees are required to contribute to paying for their health insurance

Not all employees are paid an hourly wage, some employees receive a salary.

The most common pay schedule used by businesses are

Being able to read a paystub is important because it will tell you...

FICA-Social Security and Medicare are a taxes imposed on both employees and employers to fund programs

A worker's wages are most often based on how much hours a person works and the hourly wage or pay scale they receive.

Common deductions made to employees' wages are...

_____ is the total amount of your pay, before deductions are made.

The amount of state and federal income tax that is deducted from your wages depends on your income and filing status

Rarely are deductions made from employees' pay or wages

Employees that are in management positions often...

_____ explains how much you earned, how much you pay in taxes, and other monies that were deducted.