read and interpret pay stubs
name:____________________________________________________________
date: ______________________
read and interpret pay stubs directions Answer the following questions using the attached pay stubs: 1.
What is the name of Jane Brown’s employer?
2.
How much did Jane earn before taxes?
3.
What is Jane’s salary?
4.
List Jane’s deductions.
5.
What pay period does Peter Smith’s check cover?
6.
How much federal income tax has been taken out of Peter’s check so far during 1999?
7.
How much did Peter contribute to a retirement plan from this paycheck?
8.
How much is Peter’s take-home pay?
9.
Where does Mary Stone work?
10. What is Mary’s salary?
11. How much money was deducted from Mary’s paycheck?
12. How much has Mary been paid in total during 1999?
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activity 2-4a
name:____________________________________________________________
date: ______________________
read and interpret pay stubs
NAME JANE BROWN
PAYROLL ENDING 3/14/99
CHECK NO. 9343
EMPLOYEE NO. L4325
AMOUNT $87.50
EARNINGS Description REGULAR
Hrs.
TAXES WITHHELD Amount
20 120.00
Tax
Current
YTD
FED INCOME TAX
12.72
174.90
SOCIAL SEC
7.44
MEDICARE
7.00
23.93
3.60
49.50
1650.00
EMPLOYEE SSN PAY PERIOD PAY DATE CHECK NO. NET PAY EARNINGS Description REGULAR OVERTIME YTD
MEALS
120.00
YTD
CURRENT
Amount
Description
102.30
1.74
STATE INCOME TAX CURRENT
OTHER DEDUCTIONS
Hrs.
PAYROLL
TAXES WITHHELD Amount
40 240.00 6
PETER SMITH 999-99-9999 8/6/99 TO 8/12/99 8/15/99 3259 $182.41
54.00
Tax FED INCOME TAX SOCIAL SEC
Current
YTD
35.28
429.84
18.23
294.00
MEDICARE
3582.00
STATE INCOME TAX
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DEDUCTIONS
222.08
4.26 8.82
Description 401(K)
HEALTH
Amount 30.00
15.00
51.94 107.46
activity 2-4b
read and interpret pay stubs (continued)
EMPLOYEE EMPLOYEE NUMBER PAY PERIOD PAY DATE 7/14/99 CHECK NO.
Mary Stone A5926 7/1/99 TO 7/15/99 $349.21 NET PAY 3691215
EARNINGS Description REGULAR
Hrs.
TAXES WITHHELD Amount
448.00
SALARY CURRENT YTD
activity 2-4
Tax FED INCOME TAX SOCIAL SEC
448.00 5824.00
Current 49.95 27.78
MEDICARE STATE INCOME TAX
DEDUCTIONS YTD
Description
Amount
385.62
361.09
6.50
84.45
14.56
182.28
www.practicalmoneyskills.com making money
date: ______________________
read and interpret pay stubs directions Answer the following questions using the attached pay stubs: 1.
What is the name of Jane Brown’s employer?
2.
How much did Jane earn before taxes?
3.
What is Jane’s salary?
4.
List Jane’s deductions.
5.
What pay period does Peter Smith’s check cover?
6.
How much federal income tax has been taken out of Peter’s check so far during 1999?
7.
How much did Peter contribute to a retirement plan from this paycheck?
8.
How much is Peter’s take-home pay?
9.
Where does Mary Stone work?
10. What is Mary’s salary?
11. How much money was deducted from Mary’s paycheck?
12. How much has Mary been paid in total during 1999?
www.practicalmoneyskills.com making money
activity 2-4a
name:____________________________________________________________
date: ______________________
read and interpret pay stubs
NAME JANE BROWN
PAYROLL ENDING 3/14/99
CHECK NO. 9343
EMPLOYEE NO. L4325
AMOUNT $87.50
EARNINGS Description REGULAR
Hrs.
TAXES WITHHELD Amount
20 120.00
Tax
Current
YTD
FED INCOME TAX
12.72
174.90
SOCIAL SEC
7.44
MEDICARE
7.00
23.93
3.60
49.50
1650.00
EMPLOYEE SSN PAY PERIOD PAY DATE CHECK NO. NET PAY EARNINGS Description REGULAR OVERTIME YTD
MEALS
120.00
YTD
CURRENT
Amount
Description
102.30
1.74
STATE INCOME TAX CURRENT
OTHER DEDUCTIONS
Hrs.
PAYROLL
TAXES WITHHELD Amount
40 240.00 6
PETER SMITH 999-99-9999 8/6/99 TO 8/12/99 8/15/99 3259 $182.41
54.00
Tax FED INCOME TAX SOCIAL SEC
Current
YTD
35.28
429.84
18.23
294.00
MEDICARE
3582.00
STATE INCOME TAX
www.practicalmoneyskills.com making money
DEDUCTIONS
222.08
4.26 8.82
Description 401(K)
HEALTH
Amount 30.00
15.00
51.94 107.46
activity 2-4b
read and interpret pay stubs (continued)
EMPLOYEE EMPLOYEE NUMBER PAY PERIOD PAY DATE 7/14/99 CHECK NO.
Mary Stone A5926 7/1/99 TO 7/15/99 $349.21 NET PAY 3691215
EARNINGS Description REGULAR
Hrs.
TAXES WITHHELD Amount
448.00
SALARY CURRENT YTD
activity 2-4
Tax FED INCOME TAX SOCIAL SEC
448.00 5824.00
Current 49.95 27.78
MEDICARE STATE INCOME TAX
DEDUCTIONS YTD
Description
Amount
385.62
361.09
6.50
84.45
14.56
182.28
www.practicalmoneyskills.com making money
