Title: Label parts of a paycheck.
Course: Principles of Business and Marketing (12051-18) > Section: Exploring Financial Concepts

Labeling should include

- gross pay (wages/salary)
- deductions such as federal and state taxes, Federal Insurance Contributions Act (FICA), and others (e.g., investments, health insurance, retirement savings), and determining which are paid by employees vs. employers
- net pay (gross pay minus deductions).