1. What Affects Income
b. How can you increase the money you bring home (continued)
Test your knowledge of gross pay and net pay by studying Tisane Wilson’s pay stub and then answering the questions below. In the earning section of the pay stub, employee earnings are reported and typically include earnings for the current pay period and for the year to date. Often, overtime pay is included as a separate entry.
Rita’s Boutique
| Emp No |
Employee Name |
SSN |
Period Beg |
Period End |
| 58238 |
Tisane Wilson |
123-45-6789 |
07/04/09 |
07/17/09 |
| EARNINGS |
Reg Hrs |
OT Hrs |
Rate |
Amount |
YTD Amount |
| Regular |
60.00 |
0.00 |
8.00 |
480.00 |
1,440.00 |
| EMPLOYER PAID BENEFITS |
Amount |
YTD Amount |
| Health Insurance |
30.15 |
90.45 |
| Social Security |
29.76 |
89.28 |
| Medicare |
6.96 |
20.88 |
| Retirement |
13.55 |
40.65 |
| BENEFITS Total |
80.42 |
241.26 |
| EMPLOYEE DEDUCTIONS |
Amount |
YTD Amount |
| Federal Tax Withholding |
44.81 |
134.43 |
| Social Security Withholding |
29.76 |
89.28 |
| Medicare Withholding |
6.96 |
20.88 |
| State Tax Withholding |
4.80 |
14.40 |
| City Tax Withholding |
1.40 |
4.20 |
| Health Insurance |
30.05 |
90.15 |
| Disability Insurance |
2.25 |
6.75 |
| Retirement |
13.55 |
40.65 |
| Charitable Donation |
2.00 |
6.00 |
| DEDUCTIONS Total |
135.58 |
406.74 |
| |
|
|
| NET PAY |
344.42 |
1,033.26 |
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