Sm2-3: Analyzing A Pay Stub
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1SM2-3: Analyzing a Pay Stub
Purpose: When you receive your paycheck, you should examine the attached pay stub to ensure your pay was
calculated and disbursed accurately. The pay stub provides details of what you earned and how your pay is
divided up for take-home pay, taxes, and any deductions for expenses. Examine the information included on a
paycheck stub as you complete this activity.
Directions: Tom needs help understanding his pay stub. Please answer the following questions in order to help
him out.
Blue Wisp Cleaners
Employee:
Tom Smith
123 Main Street
Social Security Number:
987-65-432
Denver, Colorado 80211
Pay Period:
08-24-07 to 08-31-07
(123) 456-7890
Pay Date:
09-01-07
Check Number:
001234
Hours
Earnings
Regular
Overtime
Regular
Overtime
Bonus
Other
Gross Pay
T/P
40.0
6.0
240.00
54.00
294.00
YTD
960.00
135.00
1,095.00
Deductions
Social
Medicare
Federal
State
Pension
Other
Net Pay
Security
Tax
Withholding
Withholding
Tax
Tax
Tax
T/P
18.23
4.26
29.00
10.80
231.71
YTD
67.89
15.88
102.00
32.00
877.23
1. Who is Tom’s employer?
2. What is the length of the pay period Tom just worked?
3. How many total hours did Tom work during this pay period?
4. What amount per hour does Tom get paid for regular hours worked?
5. Did Tom work any overtime this pay period?
If so, how many hours?
6. What amount per hour does Tom get paid for overtime hours worked?
7. What is Tom’s gross pay for this pay period?
8. List the type and amount of each payroll deduction for Tom for this pay period.
a.
b.
c.
d.
9. What was the total amount of Tom’s deductions this pay period?
YTD?
10. What is Tom’s net pay (take-home pay) for this pay period?
11. What amount has been available for Tom’s financial goals year-to-date?
Name __________________________________________
Date ______________
SM2-3: Analyzing a Pay Stub
pg. 1 of 1
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Parent category: Business