unit 2 lesson 2 remediation 1. the earnings section the deduction section the personal information...
TRANSCRIPT
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.
Pay Period is the length of time that the pay check covers.
Regular hours is the number of hours worked in a week (40 or less).
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
Overtime hours are the number of hours worked past 40 hours a week.
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
Gross pay is the total amount of money earned. This includes regular pay and overtime pay.
Example: $350.00 + $65.63= $415.63
Federal Income Tax
State Income Tax
FICA
Work related expenses
Medical Insurance
Step 1: Add up all of your deductions. Step 2: Subtract the deductions total from the
gross pay.
Example: Gross Pay
- Deductions Net Pay
Step 1:66.7531.1534.4315.00+6.00
153.33
Step 2:$445.00-153.33$291.67
All graphics created in MS Word and MS PowerPoint using clipart and shapes.