Working and Earning
Employment provides a means of creating personal income.
12. Employee-earning statements include information about gross wages, benefits, taxes and other deductions.
Employees are able to monitor their salaries through the information provided in their earning statements.
Earning statements generally include gross and net wages over a year. They also may include benefits such as health insurance (medical, dental or vision) and retirement contributions. The statement will show how much the employer pays and how much the employee pays.
Deductions for federal, state and local taxes are provided.
Other deductions might be for annuities or payments for loans.
Expectations for Learning
Describe information that would be included in an employee’s earning statements such as gross wages, benefits, taxes and other deductions.