Financial Literacy: Reading a Pay Stub: Gross, Net, and Deductions

A pay stub lists regular hours as 40, hourly rate as $16.50, and overtime hours as 0. What is the employee's gross pay for this pay period?

A student works 32 hours at $14.25 per hour. The pay stub shows $62.70 in total deductions. What is the student's net pay?

Look at this sample pay stub: Gross Pay $920.00, Federal Tax $92.00, State Tax $36.80, Social Security $57.04, Medicare $13.34, Retirement $46.00. What is the total amount deducted from the paycheck?

Using the same sample pay stub from problem 3, what is the net pay?

A pay stub shows gross pay of $1,250.00 and net pay of $982.40. How much money was taken out for deductions?

A pay stub lists these deductions: Federal Tax $118.50, State Tax $42.25, Social Security $73.47, Medicare $17.18, Health Insurance $65.00. Which deduction is the largest, and how much is it?

A worker earns $18.00 per hour for 40 regular hours and $27.00 per hour for 5 overtime hours. What is the worker's gross pay?

A pay stub shows that Social Security tax is $49.60. If Social Security is 6.2% of gross pay, what was the gross pay?

A pay stub shows current gross pay of $740.00 and year-to-date gross pay of $8,880.00. What does year-to-date gross pay mean in this situation?

Examine this pay stub summary: Current Gross Pay $1,100.00, Current Net Pay $825.00, Year-to-Date Gross Pay $14,300.00, Year-to-Date Net Pay $10,725.00. How much has been deducted year-to-date?

A pay stub shows gross pay of $680.00. Deductions are Federal Tax $68.00, State Tax $20.40, Social Security $42.16, Medicare $9.86, and Parking Fee $15.00. What is the net pay?

A teenager gets a job offer for $15.00 per hour and expects to work 20 hours per week. They estimate their weekly gross pay as $300.00. Explain why their take-home pay will likely be less than $300.00.