0% found this document useful (0 votes)
35 views3 pages

Getting_Paid_Math_2.3.9.A1 (1)

Uploaded by

randomwafflekid
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
0% found this document useful (0 votes)
35 views3 pages

Getting_Paid_Math_2.3.9.A1 (1)

Uploaded by

randomwafflekid
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
You are on page 1/ 3

Page | 16

2.3.9.A1

Getting Paid Math


Total Points Earned
Name JackBruce
30 Total Points Possible
Date 1/26/24
Percentage
Class

Directions: Answer the following questions to provide information for the paycheck.
Hint: A way to double check your work is to add your deductions and your net income.
If they do not equal your gross income, then you need to recalculate.
Gross Income = Net Income + Deductions
Part 1: Joe’s Hourly Pay Stub
In the last pay period, Joe worked 80 hours earning $12 per hour. Use the work space and math tips to
answer questions 1‐5 to calculate Joe’s pay stub amounts.

Pay stub categories Work Space & Math Tips Pay stub amounts
What is Joe’s gross pay? 1.
80 hours x $12 per hour = 960 $960
What is Joe’s Social Security 2.
deduction (6.2% of gross pay)? 960
Gross pay___________ x .062 = 59.52 $59.52
What is Joe’s Medicare deduction 3.
(1.45% of gross pay)? 960
Gross pay___________ x .0145 = 13.92 $13.92
In addition to Social Security and 4.
Medicare if Joe had $46 in Federal Social Security__________ +59.52 $205.44
Income Tax, $21 in State Income Tax 13.92 + $46 Federal Income
Medicare__________
and $65 in employee benefits Tax + $21 State Income Tax + $65 employee
withheld from his paycheck, what benefits =
were Joe’s total deductions?
205.44
What was Joe’s net pay? 5.
960
Gross pay__________ ‐ total deductions $754.46
205.44
_______

How much will Joe’s employer pay per pay period for Medicare and Social Security?
$205.44

© Take Charge Today – April 2014 – Getting Paid


Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences Take Charge America Institute at The University of Arizona
Page | 17
2.3.9.A1

Part 2: Edwin’s Salary Pay Stub


Edwin has a $60,000 annual salary and is paid monthly. Use the work space and math tips to answer
questions 6‐10 to calculate Edwin’s March pay stub amounts. Then, calculate the year‐to‐date amounts.

Pay stub categories Work Space & Math Tips March Pay stub
amounts
What is Edwin’s monthly gross pay? 6.
$60,000 annual salary / 12 months per year = $5,000

What is Edwin’s Social Security 7. $310


deduction (6.2% of gross pay)? 5000
Gross pay___________ x .062 = 310

What is Edwin’s Medicare deduction 8.


(1.45% of gross pay)? 5000
Gross pay___________ x .0145 = 72.5 $72.50
In addition to Social Security and 9.
Medicare if Edwin had $413 in 310
Social Security__________ + $1254.50
Federal Income Tax, $209 in State 72.5
Medicare__________ + $413 Federal Income
Income Tax and $250 in employee Tax + $209 State Income Tax + $250
benefits withheld from his paycheck, employee benefits =
what were Edwin’s total deductions?
What was Edwin’s net pay? 5,000 ‐ total deductions 10.
Gross pay__________ $3745.50
_______
1,254.5

Edwin is paid monthly. He earns the same amount and has the same deductions each month. Use the
answers calculated in questions 6‐10 to determine his year‐to‐date in each category. This is Edwin’s 3rd
paycheck of the year.

Pay stub categories Work space Year‐to‐date amounts in Edwin’s


March pay stub
Gross pay 5000 x 3 11.
60,000/12 $15,000
Social Security 12.
310 310 x 3 $930
Medicare 72.5 x 3 13.
72.5 $217.50
Total deductions 382.5 x 3 = 1147.5 14.
310+72.5 $1,147.50
Net pay 15000 - 1147.5 15.
$11,236.50

© Take Charge Today – April 2014 – Getting Paid


Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences Take Charge America Institute at The University of Arizona
Page | 18
2.3.9.A1

Part 3: Zoe’s Pay Stub


Zoe began working January 1 and her employer needs your assistance to complete the calculations for her
pay stub. Because Zoe works part‐time, her employer does not offer benefits including health insurance,
retirement and accruing employee leave time. Complete the calculations for her pay stub to fill in the
paystub below. Use information from the pay stub to answer questions 16‐20.

Employee Information Pay Date 4/11/2013

Name Identification Number Address Pay Rate Pay Period

Zoe Dashwood 0012345 7961 North Road $13.50 3/1 – 3/31/2013


(monthly)

Summary

Gross Income Total Personal Deductions Net Income

Current $1,080 $167.05 $912.95


YTD $3,240 $501.15 $2,738.85
Earnings

Type Rate Hours Current YTD

Regular $13.50 80 $1,080 $3,240


Overtime 0 0 0 0

Deductions

Type Personal Deduction Employer Contribution

Federal income tax $58.43 0

State income tax $26.00 0

Social Security and Medicare $82.62 $82.62

Workers’ compensation 0 $6.21

Unemployment insurance 0 $2.81

16. What is Zoe’s gross pay?

$1,080
17. What is Zoe’s year‐to‐date gross pay?
$3,240
18. What is Zoe’s Social Security and Medicare deduction?
$82.62
19. What are Zoe’s total deductions?

$167.05
20. What is Zoe’s net pay?
$912.95
© Take Charge Today – April 2014 – Getting Paid
Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences Take Charge America Institute at The University of Arizona

You might also like