Understanding Your Paycheck and Tax Forms

1.13.1.A3WorksheetPaycheck Stub 2Total Points Earned14 Total Points Possible(1 point per correct response)PercentageName __________________Class __________________Date __________________Directions: Read the following scenario. Complete the blanks on the paycheck stub by entering the personalinformation and paycheck deductions in the appropriate places. Calculate the gross pay, total deductions, andnet pay.Hank’s Culinary CenterEmployee SSN Check #164Check AmountEmployee AddressNumber of Hours Worked andHourly RatePay Type-Gross PayDeductions Current Year-to-dateFederal WithholdingState WithholdingFed OASDI/EE or Social SecurityFed MED/EE or MedicareMedical401K$1,278.75$433.84$1,415.81$331.10$0.00$799.26Totals $ 4,258.80Pay PeriodEmployee information: Sally Kreeps106 Michael GroveGreat Falls, MT 59405Social Security number: 987-65-1234Sally Kreeps has just received a job as a secretary at Hank’s Culinary Center. Sally is paid once a month on the1 st . The pay period is November 1 - 30. Payday will be on December 1. Sally earns $12.00 an hour. This payperiod she worked 173 hours. She has a retirement package.Sally’s paycheck deductions include: 6.2% Social Security, 1.45% Medicare, $116.25 Federal Withholding Tax,$39.44 State Withholding Tax, and $72.66 401K.What amount will Ms. Kreeps receive on her paycheck? ________© Family Economics & Financial Education – Revised September 2006 – Paychecks and Taxes Unit – Understanding Your Paycheck and Tax Forms – Page 14Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences at the University of Arizona