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TEACHING AND LEARNING EARNING AND MAKING MONEY WORKSHEET - PAYCHECK LESSON PLAN INCOME WAGES NET PAY SALARY PAYMENT TEACHER LESSONS - TAKE HOME PAY

 

 

EARNINGS STATEMENT

click to go to worksheet

 

Practice reading and using an employee's earnings statement, or paycheck pay stub. Also create your own custom earnings statements.

 

LESSON LEARNED

 

How to read an earnings statement, or paycheck pay stub.

Payroll deductions and taxes.

 

 

OTHER SKILLS REINFORCED

Math - Percentages

 

 

SUGGESTED

GRADE LEVELS

 

For anyone who wants to practice reading an earning statement.

 

 

 

Suggested Money Lesson Plan for this Worksheet

 

Give an introductory lesson about earning money to your students.

 

Explain that income is money earned by a worker.  When you work, you often will receive an earnings statement with your paycheck.  However, you will not be able to "take home" all of the money that you earn, since taxes, social security, and other items will be deducted.

 

Review vocabulary:  

The earnings statement may also referred to a pay stub, wage statement, pay slip, salary slip, or paycheck stub.

Gross pay, net pay, gross income, net income, taxable income,  earnings, deductions, regular time, over time, federal tax, state tax, social security, health insurance, 401K savings, IRA, FICA, Medicare.

 

Questions to ask:  

Describe the difference between gross and net pay?

What are pre-tax deductions?  

Why do we pay taxes?

 

 

 

 

WORKSHEET Instructions

 

This worksheet contains a random sample earnings statement covering a 14 day period (10 days of work).

 

Have the students answer the questions using the information contained in the earnings statement.

Also, separately, we have included the option to create your own personalized classroom earnings statements..

 

 

WORKSHEET

This worksheet may be customized by the following settings,

including personalizing the worksheet with your own chosen name.

 

 

 

Level     

 

Employee Name Random? 

 

You may personalize this worksheet with a name you

select by entering the name in the box below and removing

the check in the "employee name random" box above.

 

Employee Name

 

 

 

Note - Requires FULL Membership

 

 

 

 

CUSTOM STATEMENTS

 

Generate your own personalized classroom earning statements.

 

 

Generate your own personalized earnings statement with your students' names and hours worked. Enter your student employee list in the box below. Each entry should be on a separate line. Then press the submit button.

Format is:
name, hours worked    

for example:

John,10
Susan,20
Jim,15

 

 

 

 

 

 

 

Note - Requires FULL Membership

 

 

 

 

GO BACK TO WORKSHEET INFO

 

 

 
 

 

SUGGESTIONS/COMMENTS
 
 
 

 

 

 

 

 

 

You may come back to these worksheet links more than once if your

students are having trouble mastering this concept, since

these are RANDOM worksheets. Every time you choose the

link (or press "refresh" on your browser) a NEW worksheet will be generated.

 

 

Earnings Statement

 

 

 

 

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