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Reading a Pay Stub: Activity 3 of 3

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Knowing the difference between gross and net pay is the key to understanding your pay stub.

  • Gross pay is the money you earned before paying taxes and other deductions.
  • Net pay, also known as take-home pay, is the money you’re left with after deductions are taken out.

 

When making a budget, what figure should you use to predict how much money you have to spend?
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Question 5 of 10