Understanding Paychecks

A Grade 6 math worksheet to help students understand the components of a paycheck, including gross pay, deductions, and net pay.

Grade 6 Math Financial LiteracyUnderstanding Paychecks

Use This Worksheet

Includes

Fill in the BlanksMultiple ChoiceShort AnswerTrue / False

Standards

CCSS.MATH.CONTENT.6.RP.A.3.CCCSS.MATH.CONTENT.6.EE.B.6

Topics

mathfinancial literacypaycheckgrade 6

6 sections · Free to use · Printable

Name:

Date:

Score:

Read each question carefully and answer to the best of your ability. Show your work where necessary.

1. The total amount of money earned before any deductions is called pay.

2. Money taken out of a paycheck for taxes or other reasons are called .

3. The amount of money you take home after all deductions is called pay.

4. Which of the following is typically NOT a deduction from a paycheck?

Federal Income Tax

Social Security

Rent Payment

Medicare

5. If your gross pay is $500 and your deductions are $100, what is your net pay?

$600

$400

$500

$100

6. Sarah earns $15 per hour and worked 20 hours this week. Her total deductions were $45. Calculate Sarah's gross pay and net pay for the week.

Gross Pay:

Net Pay:

7. Net pay is always greater than gross pay.

True

False

8. Deductions can include money for health insurance.

True

False