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Final Assessment - Understanding a Paycheck and Pay Stub Drag the green circles over the letter to mark the correct answer. 1. What is a pay period? a. time worked beyond an employee's regular hours b. the number of days an employee works and is paid for each paycheck c. the day a person is paid d. a fixed amount of money an employee is paid to do a job 2. What is gross pay? a a pay period of every 2-weeks with 26 pay periods per year b. the amount of money earned before any deductions are subtracted c. the amount of money left in a worker's paycheck after deductions are taken out d. the amount of money subtracted from a worker's pay 3. Which of these is an optional/voluntary deduction? a. healthcare insurance b. state income tax c. Social Security tax d. Medicare tax 4. Multiplying a worker's hourly wage amount and hours worked per pay period equals? a. pay period b. salary c. gross pay d. net pay 5. A fixed amount of money per year paid to an employee to do a job is known as a a. hourly rate b. deduction c. overtime pay d. salary 6. Which of these is the amount of money that remains after taxes have been deducted that a person can save or spend as he or she wishes? a. semi-monthly paycheck b. gross pay c. residents d. disposable income Caffeine Q Teacher 13