Understanding Your Paycheck Stub
A worksheet for grade 9 students to learn about the components of a paycheck stub, including gross pay, deductions, and net pay.
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Understanding Your Paycheck Stub
Name:
Date:
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Carefully read each question and provide your answer in the space provided. Refer to the example paycheck stub image as needed.
Below is an example of a paycheck stub. Use it to answer the following questions.
1. The total amount of money earned before any deductions is called .
2. Money subtracted from your gross pay for taxes, insurance, or other benefits are known as .
3. The amount of money you actually receive after all deductions are taken out is called your .
1. Which of the following is typically NOT a deduction found on a paycheck stub?
Federal Income Tax
Social Security Tax
Rent Payment
Health Insurance Premium
2. What does 'YTD' typically stand for on a paycheck stub?
Yesterday's Total Deductions
Year-To-Date
Your Tax Document
Yearly Take-Home Dollars
1. Gross pay is always higher than net pay.
True
False
2. Federal income tax is an optional deduction.
True
False
1. Why is it important to understand your paycheck stub?
2. Name two common deductions that are taken from gross pay.
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