Paycheck Stub
QUICK CHECK ANSWERS:
Answers for Page 2
1.  Once per week; once every other week; twice 
per month; once per month.
2.  Handwrite or use a computer to print out.
3.  Electronically send the paycheck money to their 
bank for direct deposit into the worker's bank 
account.
4.  a) Money earned for the pay period.
  b) Purchase items in stores or withdraw cash 
from  an ATM.
  c) Do not tell anyone your card's PIN.  Call 
your employer's bank and employer immedi -
ately to report a lost or stolen payroll card.
5.  a) Every time the worker is paid.
  b) Hours worked for the pay period, earnings 
and all deductions.
  c) Employers give workers paper paycheck 
stub or ask workers to use a computer to go to 
a website, enter user name and password, then 
print out the paycheck stub.
6.  a) Total wages earned during the pay period.
  b) $960.
7.  a)  Employer's Withholding Allowance.
  b) How much income tax money to deduct out 
of your pay.
  c) Lowers the amount of income tax taken out 
of your pay.
8.  a) Federal Insurance contributions Act.
  b) Social Security tax and Medicare tax.
9.  a) Social Security is 6.2% of gross pay.
  b) Medicare is 1.45% of gross pay.
  c) FICA is 7.65% of gross pay.
10.  At least 10 years.
11.  a) Retirement: Monthly retirement income at 
age 67.
  b) Disability: Monthly income if worker re -
ceives physical or mental condition that pre -
vents worker working for over one year.
  c) Family: Worker's family may be eligible to  receive monthly benefits if worker retires or 
becomes disabled.
  d) Survivors: If worker dies, members of family 
may received monthly benefits.  
  e) Medicare: Government paid medical insur -
ance for worker at age 65.
12.  a) Dental or vision insurances.
  b) Taken out of your paycheck, or workers must 
go to union office to pay.
13.  a) Amount of b) Federal income tax, state 
income tax, social security, medicare, health 
insurance, union dues, voluntary deductions.
14.  Your paycheck stub.
Answers for Page 3
1.  a) $20 per hour.  
  b) $18 per hour.
2.  a) 2 hours of overtime.  
  b) Zero.
3.  a) Save money from each paycheck before 
taxes are taken out of the worker's pay.  
  b) When the money is withdrawn.  
  c) 59 1/2.
4.  a) Save money from each paycheck after taxes 
are taken out of the worker's pay.  
  b) At any age.
5.  a) Yes.  
  b) $75.  
  c) No.
6.  Because Jason pays money into a 401K plan.
7.  Student's opinion (Jason is single and Julie sup -
ports 2 children).
8.  a) 6.2%.  b) 1.45%.
9.  Health insurance, Dental insurance, Retirement 
Plan.
10. Jason.
11.  a) Student's opinion.  
  b) Reason why or why not.  
  c) Student's opinion.  
  d) Reason why or why not.
12. $537.57