This document provides a worksheet to help students understand common payroll and financial terms. The worksheet includes key terms like benefits, earnings statement, federal income tax, gross pay, insurance, net pay, payroll deductions, retirement savings, Social Security tax, and state income tax. Students are asked to match these terms with definitions and explanations of how they relate to take-home pay, government services, payroll documents, employee compensation, risk protection, retirement support, and federal program funding. The worksheet is designed to help students learn important business and financial vocabulary in a quiz-like format.
This document provides a worksheet to help students understand common payroll and financial terms. The worksheet includes key terms like benefits, earnings statement, federal income tax, gross pay, insurance, net pay, payroll deductions, retirement savings, Social Security tax, and state income tax. Students are asked to match these terms with definitions and explanations of how they relate to take-home pay, government services, payroll documents, employee compensation, risk protection, retirement support, and federal program funding. The worksheet is designed to help students learn important business and financial vocabulary in a quiz-like format.
This document provides a worksheet to help students understand common payroll and financial terms. The worksheet includes key terms like benefits, earnings statement, federal income tax, gross pay, insurance, net pay, payroll deductions, retirement savings, Social Security tax, and state income tax. Students are asked to match these terms with definitions and explanations of how they relate to take-home pay, government services, payroll documents, employee compensation, risk protection, retirement support, and federal program funding. The worksheet is designed to help students learn important business and financial vocabulary in a quiz-like format.
Benefits With students, read aloud the Biz Term$ and each question. Call on Earnings statement volunteers for answers, and have them explain why they chose the term they believe to be correct. Federal income tax Gross pay Biz Term$ Episode Review Insurance 1. The actual amount of money you “take home” is __________. Net pay Payroll deductions 2. State government services are paid for by __________. Retirement savings Social Security tax 3. A document showing an employee’s wages and deductions is an __________. State income tax 4. __________ are part of an employee’s compensation.
5. People purchase __________ to protect against various risks.
6. __________ goes into a federal program that provides financial sup-
port for people who are retired.
7. Federal government programs and services are supported through