Understanding Your Paycheck Stub
A worksheet for 6th graders to learn about the components of a paycheck stub, including gross pay, net pay, deductions, and taxes.
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Understanding Your Paycheck Stub
Name:
Date:
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Read each question carefully and answer to the best of your ability. Refer to the example paycheck stub if needed.
Example Paycheck Stub
1. What is 'Gross Pay' on a paycheck stub?
The amount of money you take home after taxes.
The total amount of money earned before any deductions.
The money spent on groceries.
The money saved in a bank account.
2. Which of the following is typically a deduction from your paycheck?
Bonus pay
Overtime pay
Federal Income Tax
Reimbursement for expenses
3. The money you receive after all deductions are taken out is called pay.
4. FICA stands for Federal Insurance Contributions Act, which includes taxes for Social Security and .
5. Gross pay is always less than net pay.
True
False
6. A deduction is money added to your paycheck.
True
False
7. Explain the difference between gross pay and net pay.
Use the words below to complete the sentences.
8. Money taken out of your paycheck for things like health insurance or retirement is called .
9. A portion of your is typically paid to the government.
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