Date Submitted: This Personal Finance Activity will help you better understand the taxes and other deductions taken out of a typical paycheck. You will also begin to better understand how these deductions affect your earnings. After completing this activity, you will be able to calculate earnings and understand the items shown on a paycheck stub. Note that you may use a calculator, if necessary. Directions: Net pay is the amount you are paid minus all the deductions that are taken out of your paycheck. Look carefully at the paystub. The part beneath the actual check that shows the various deductions that are taken out of a typical paycheck. Analyze these deductions and answer the questions below. FIRST NATIONAL MID-AMERICAN ENTERPRISE CORP. 00137066 P.O. BOX 9788 SHELBYVILLE, KY 08033 BANK OF KENTUCKY 14066 1500 Summerset SL. 11/18/12 Louisville KY 40017 Pay AMOUNT SIX HUNDRED THIRTY AND 04/180 DOLLARS 6 30.04 TO THE MARY S. HOURLY 655 HOMERUN CT. ORDER SHELBYVILLE, KY 40875 OF 1'0014066: 1:0830013141: MID-AMERICAN ENTERPRISE CORP. PO BOX 9788 SHELBYVILLE, KY 08033 MARY S. HOURLY SSN#555-08-0080 NET PAY: 658.04 END:1 1/18/12 HOURS CURRENT YEAR-JO-ORIE CURRENT YEAR-TO-DATE REGULAR PAY