understanding paychecks & pay stubs

Name Date Final Assessment Understanding a Paycheck and Pay Stub Select the best 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 aworker'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. Afixed 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. semimonthly paycheck b. gross pay c. residents d. disposable income Caffei ne 0. Teacher 13