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Understanding your paycheck and deductions.  Read all of the following links and answer the questions at the end.

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https://www.youtube.com/watch?v=f_c_OsHlCL8

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What deductions were made?

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https://www.youtube.com/watch?v=JE5wfPlYcms

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https://www.youtube.com/watch?v=A04BZDDja7g

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SDI is an acronym for "state disability insurance." Some states call it TDI for "temporary disability insurance." Not every state has this tax, but those that do require payroll deductions that help fund short-term (generally a maximum of six months) disability benefits for workers who become disabled.Nov

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http://lwilliamsbusinesseducationclass.weebly.com/uploads/7/5/9/8/7598293/pay_and_taxes_merrily_lynch_worksheet.pdf

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http://www.paycheckcity.com/pages/article.php?page=Paycheck-101

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http://www.myaccountingcourse.com/accounting-dictionary/employee-benefits

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Benefits
Earnings statement
Federal income tax
Gross pay
Insurance
Net pay
Payroll deductions
Retirement savings
Social Security tax
State income tax
Directions

Biz Term$ Episode Review
1. The actual amount of money you “take home” is __________.
2. State government services are paid for by __________.
3. A document showing an employee’s wages and deductions is an
__________.
4. __________ are part of an employee’s compensation.
5. People purchase __________ to protect against various risks.
6. __________ goes into a federal program that provides financial support
for people who are retired.
7. Federal government programs and services are supported through
__________.

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https://quizlet.com/46032088/budgeting-flash-cards/

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Now that you understand more about the dollar amount and percentages you’re paying, let’s talk about what you’re actually paying for. In general, Social Security and Medicare provide benefits for retirees, the disabled, and children of deceased workers. More specifically, Social Security benefits include old-age, survivors, and disability insurance. Medicare, however, provides hospital insurance benefits for the elderly.

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https://docs.google.com/document/d/1bAb--FtjwBe9psQDHubr5PEM-XKK6KQFdgDNs0a1ARA/edit