Reading a Paystub

DIRECTIONS: Write the letter of the item on the paystub that matches its name in the list. Then, write your
OWN definition of each part of the paystub, using COMPLETE SENTENCES in your OWN words.








1. __D__ Gross Pay: Gross Pay is the amount of money someone gets before taxes.
2. __C__ Net Pay: Net Pay is the amount of money after all the deductions have been taken from the
gross pay.
3. __B__ Deductions: Deduction is the amount taken from the gross pay earned for taxes, 401k, and
medical benefits.
4. __A__ Pay Period: Pay Period is the length of time that a persons wage is calculated.
5. __G__ FICA: FICA is the amount that you pay for Social Security and Medicare.
6. __J__ Year-to-Date: Year-to-Date is the total amount withheld from the employee.
7. __E__ Federal Withholding Tax: Federal Withholding Tax is the amount by law for employee to
withhold their wages to pay taxes.
8. __H__ Medical: Medical is the amount taken from employees paycheck to pay Medicare
9. __F__ State Withholding Tax: State Withholding Tax is the amount taken from an employees wage to
pay government agencies
10. __I__ Retirement: Retirement is the amount taken to support your retirement plan.