1.13.1.L1 Note taking guide Understanding Your Paycheck 35 Total Points Earned Total Points Possible Percentage Paper Paycheck Definition Methods for paying employees Direct Deposit Definition Name ________________________ Date ________________________ Class ________________________ Payroll Card Definition Characteristics Characteristics Examples of fees charged by payroll companies Protection Benefits to employers Benefit to employees © Family Economics & Financial Education - Revised May 2010 - Paychecks and Taxes Unit - Understanding Your Paycheck - Page 9 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 1.13.1.L1 Note taking guide Taxes Taxes: What public services and goods in your community are funded with tax dollars? Internal Revenue Service: Who writes tax laws? Employment Forms Form W-4: • • Allowance: Dependent: Why may an employee claim a personal allowance on their Form W-4 only if no one else claims them as a dependent? Form I-9: • Examples of documentation: Payment Forms Payment option choice is: For these two reasons: © Family Economics & Financial Education - Revised May 2010 - Paychecks and Taxes Unit - Understanding Your Paycheck - Page 10 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 1.13.1.L1 Note taking guide Reading A Paycheck Stub Paycheck stub: ________________________________________________________________ Personal Information: Show More
