PM ESOL Online 4-09-24 (DRAFT: Needs new vocabulary definitions added) Agenda Unit: Money - Reading a Pay Stub (TV411) - Reading and Writing Numbers =============================== News: Careers Calendar - Spring Vacation Week ================================ Reading a Pay Stub - Activity 2 of 3 Source: TV411 https://www.tv411.org/finance/earning-spending/reading-pay-stub/activity/2/1 Vocabulary Review Pay Stub has all the information, deductions, taxes listed Includes: Gross Pay Net Pay Gross Pay is the money you earned BEFORE paying taxes and other deductions. -to deduct /s /-ing /-ed (verb) to subtract deductions (noun) deeeee duhkk tshuns Net Pay is the money that you have /take home . AFTER all the taxes and other deductions are taken out. Rate Net Pay Deduction Gross Pay ---------------------------- deduct subtract taken out take out --------------------------- Rate $10 an hour = rate of pay per hour of time $10/hr x 40 hrs = $400 (Gross Pay) ---------------------- abbreviations ATM automatic teller machine ESOL English for Speakers of Other Languages USA United States of America abbreviations acronyms (an abbreviation that sounds like a real wordd) NATO nay toh SSN Social Security Number -------------------------------- SSN YTD W-4 Form SUI SSN Social Security Number YTD Year To Date W-4 Form (google images) SUI State Unemployment Insurance FUI federal Unemployment Insurance If you lost your job (laid off/lay off - maybe sometimes if you quit your job) you can received a portion of you paycheck for many weeks to help you pay your bill... until you find another job benefit = insurance Sometimes you contribute Most of the time company contributes that money - money is given to the state ---------------------------------- Current Allowance Benefit Pretax prefix - pre = befor' time period period of time period of time is not the same as a period (.) at the end of a sentence =span of time Example: paid by the week the time period is one week Fri - Fri ================ BREAK 6:37 - 6:52 ================ YTD Y ear T oooooo D aaaaat YTD whiiii tteeee deeee ------------------------------- * = asterisk there is more information or details or exceptions for you to read about Did you know that you pay 6.2% of your earnings in Social Security tax? Your employer also contributes 6.2%. 6.2% to Social Security every pay check six 'point' 2 percent ---------------------------------- Medicare is a government health insurance plan for retired Americans. 1.45% of your earnings is deducted from each paycheck. Your employer contributes an equal amount to the Medicare program. ================================ Reading and Writing Numbers Individual responses Erica four hundred 'and' forty-five dollars - hyphen use when there are two numbers together 1,335 one thousand three, thirty-five dollars , = the word 'and' Diane one thousand three hundred thirty-five dollars 'and' zero cents one hundred and six dollars and eighty cents xone hundred six dollars eighty cents a hundred six dollars eighty cents Wanda Please read the numbers thirty-five dollars and sixty cents Fabiola twenty-seven dollar$ and fifty-nine cents eighty-two dollar$ and seventy-seven cents one dollar two dollarzzzzzzzzzzzzz Justin six dollar forty-five cent six dollarZZZZ forty-five centSSSSS $13000.00 thirteen hundred dollars ? thirteen hundred and thirty-five dollars Wanda six dollars and forty-five cents Katerina 27.59 dolllars point cents twenty-seven dollars and fifty-nine cents Keny eight dollar ninety cents eight dollarZZZZZZZZZ twenty-six dollars and seventy cents Vera five dollars and thirty-four cents sixteen dollars and two cents Homework: Reading and Writing Numbers Posted in Remind End Class ==================================