You've learned about gross income, net income, deductions, and taxes. Now let's practice identifying these concepts in real paycheck scenarios!
Understanding these numbers helps you budget accurately and catch any payroll errors.
Engagement Message
How confident do you feel about reading paychecks now?
Type
Fill In The Blanks
Markdown With Blanks
Let's calculate the missing amounts on this paycheck:
Alex's Monthly Paycheck
- Gross Income: [[blank:$4,500]]
- Income Tax: $675
- Social Security: $279
- Health Insurance: $150
- Total Deductions: $1,104
- Net Income: [[blank:$3,396]]
Suggested Answers
- $4,500
- $3,396
- $1,104
- $675
Type
Sort Into Boxes
Practice Question
Sort these paycheck items into the correct categories:
Labels
- First Box Label: Deductions
- Second Box Label: Income
First Box Items
- Income Tax
- Health Insurance
- Medicare
- Social Security
Second Box Items
- Gross Pay
- Net Pay
- Overtime Pay
- Base Salary
Type
Multiple Choice
Practice Question
Sarah's gross monthly income is $5,000. Her deductions total $1,300. What's her net income?
A. $6,300 B. $5,000 C. $3,700 D. $1,300
