UNDERSTANDING YOUR PAYCHECK. BY ELLEN JOHNSON. WHAT ARE WAGES?. WAGES ARE THE AMOUNT OF MONEY YOU EARN FOR THE WORK YOU PERFORM. GROSS PAY. HOURS WORKED TIMES THE AMOUNT OF MONEY YOU EARN PER HOUR. EXAMPLE. YOU WORK 20 HOURS AND EARN $7.00 AN HOUR (20 X $7.00 = $140.00)
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WAGES ARE THE AMOUNT OF MONEY YOU EARN FOR THE WORK YOU PERFORM
WHAT WILL YOUR GROSS PAY BE?
MONEY WITHHELD FOR THINGS LIKE
MONEY DEDUCTED TO PAY FOR WHEN YOU ARE SICK
GROSS PAY – DEDUCTIONS
= NET PAY