unit 2 lesson 2 remediation 1. the earnings section the deduction section the personal information...

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Unit 2 Lesson 2 Remediation 1

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Page 1: Unit 2 Lesson 2 Remediation 1. The Earnings Section The Deduction Section The Personal Information Section  Parts of a paycheck stub

Unit 2 Lesson 2 Remediation 1

Page 2: Unit 2 Lesson 2 Remediation 1. The Earnings Section The Deduction Section The Personal Information Section  Parts of a paycheck stub

The Earnings Section

The Deduction

Section

The Personal Information Section

Parts of a paycheck stub.

Page 3: Unit 2 Lesson 2 Remediation 1. The Earnings Section The Deduction Section The Personal Information Section  Parts of a paycheck stub

Parts of a the Earnings Section

Hourly wage rate is the amount of money you make each hour you work.

Page 4: Unit 2 Lesson 2 Remediation 1. The Earnings Section The Deduction Section The Personal Information Section  Parts of a paycheck stub

Pay Period is the length of time that the pay check covers.

Page 5: Unit 2 Lesson 2 Remediation 1. The Earnings Section The Deduction Section The Personal Information Section  Parts of a paycheck stub

Regular hours is the number of hours worked in a week (40 or less).

Page 6: Unit 2 Lesson 2 Remediation 1. The Earnings Section The Deduction Section The Personal Information Section  Parts of a paycheck stub

Regular Pay is the amount of money earned for up to 40 hours a week.

Example: 8.75 hourly rate X 40 hours=$350.00

Page 7: Unit 2 Lesson 2 Remediation 1. The Earnings Section The Deduction Section The Personal Information Section  Parts of a paycheck stub

Overtime hours are the number of hours worked past 40 hours a week.

Page 8: Unit 2 Lesson 2 Remediation 1. The Earnings Section The Deduction Section The Personal Information Section  Parts of a paycheck stub

Overtime pay is the amount of money earned at one and one half the regular pay rate.

Example: 8.75 X 5 hours=$43.75 x 1.5=$65. 63

Page 9: Unit 2 Lesson 2 Remediation 1. The Earnings Section The Deduction Section The Personal Information Section  Parts of a paycheck stub

Gross pay is the total amount of money earned. This includes regular pay and overtime pay.

Example: $350.00 + $65.63= $415.63

Page 10: Unit 2 Lesson 2 Remediation 1. The Earnings Section The Deduction Section The Personal Information Section  Parts of a paycheck stub

Federal Income Tax

State Income Tax

FICA

Work related expenses

Medical Insurance

Page 11: Unit 2 Lesson 2 Remediation 1. The Earnings Section The Deduction Section The Personal Information Section  Parts of a paycheck stub

Step 1: Add up all of your deductions. Step 2: Subtract the deductions total from the

gross pay.

Example: Gross Pay

- Deductions Net Pay

Page 12: Unit 2 Lesson 2 Remediation 1. The Earnings Section The Deduction Section The Personal Information Section  Parts of a paycheck stub

Step 1:66.7531.1534.4315.00+6.00

153.33

Step 2:$445.00-153.33$291.67

Page 13: Unit 2 Lesson 2 Remediation 1. The Earnings Section The Deduction Section The Personal Information Section  Parts of a paycheck stub

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