Figuring out your paycheck
Understanding Pay and Benefits Federal Income Tax PAY, BENEFITS, AND FEDERAL INCOME TAX.
SOCIAL SECURITY & MEDICARE. Gross Pay vs Net Pay Gross Pay → What your total pay is before deductions Net Pay → The amount your paycheck is for →
© 2010 South-Western, Cengage Learning SLIDE 1 Chapter 6 Do Now for 9/24/13 & 9/25/13 Take out your Chapter 5 presentation notes and prepare for your presentations.
Understanding Income and Taxes. Terms to Know Earned Income Wage Salary Piecework Tips Bonus Profit Sharing Deductions Gross Pay Net Pay Exemption W-4.
Bellringer What is gross pay?. Chapter 2 Net Pay.
Program Design
Bellringer
Chapter © 2010 South-Western, Cengage Learning Pay, Benefits, and Working Conditions 6.1 6.1Understanding Pay and Benefits 6.2 6.2Work Schedules and Unions.
M ANAGING YOUR P ERSONAL F INANCES U NIT 2: C ALCULATING G ROSS P AY, D EDUCTIONS AND N ET P AY.
Pay, Benefits, and Working Conditions
