Bell Ringer. Marlin made $557 in gross pay. His employer withheld $88.25 in total federal tax, state tax, and FICA from his check. How much was his net pay?. Bell Ringer Answer. $557 - $88.25 = $468.75. Agenda. Bell Ringer (8 minutes) Test Your Banking IQ (15 minutes)
5. Name - Your personal information is printed here. Never list your Social Security number on your printed check.
6. Signature - Sign your check exactly the way you signed your name on the signature card you filled out when you opened your account.
7. Memo - Use this space to note why you wrote the check. If you are paying a bill, this is a good place to put information requested by the company.
8. Identification numbers - These numbers are used to identify the bank, your account number, and the check number. They are printed in a special magnetic ink that machines can read.
Anyone can cash check
More secure than blank endorsement
special (or full) endorsement
Transfer check to another party
On a scrap sheet of paper, draw a sloppy copy of this check. Write the check using the following scenario. Use just purchased a new pair of Lebron’s from Foot Locker yesterday, for $135.63