Understanding your paycheck worksheet answer key 2025

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How to read a pay stub Employee name and address. The full name and address of the person receiving payment. Company name and address. The employer's name and address. ... Identifying information. ... Pay type. ... Pay date. ... Pay period. ... Hours worked. ... Pay rate.
A Payroll Clerk, or Payroll Administrator, process employees' paychecks by collecting their payroll data and timesheets. Their duties include verifying employees' work hours and payment through the payroll system, issuing deductions, earnings and other statements to employees and updating payroll records regularly.
Payroll clerks are the workers most directly responsible for doing payroll. They collect employee work times, verify records and attendance and calculate wages, taxes and adjustments. They typically perform their jobs with the help of computers.
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A payroll department takes care of all aspects of payroll, from finalizing tax deductions and gathering attendance information to calculating wages and managing records.
0:32 2:08 Here's How to Read a Pay Stub [With Sample Paycheck] - YouTube YouTube Start of suggested clip End of suggested clip - employee paid taxes. - post tax deductions equals net pay and net pay is the money you take homeMore- employee paid taxes. - post tax deductions equals net pay and net pay is the money you take home at the end of the day okay let's define some terms gross. Pay is the big number it is your salary.
Sometimes payroll is part of HR, sometimes it's part of finance \u2014 and occasionally it's a stand-alone department reporting directly to the CEO.
What are payroll deductions? Income tax. Social security tax. 401(k) contributions. Wage garnishments. ... Child support payments.

family economics and financial education paychecks answer key