Pay Day!  

       Conclusion  

 Congratulations! It's Pay Day! $$$$$$$$

	Compare these paychecks to the Payroll ledger.
	If you found errors, click on the employee meeting and recalculate the payroll ledger.

If correct, print this page for your sample paychecks.

Summary       

 As an employee, you have completed a 5 day work week. You researched your job title and job description to learn the rate of your hourly wage. You filled out a W4 Form that the employer needs in order to process your paycheck. You identified deductions and parts of a paycheck.  You calculated net pay. With your co-workers, you calculated gross and net pay and completed a payroll ledger.  These activities are tasks that are done in the real working world.  Employees work for specific wages and should be paid the correct amount. You are now ready to apply these skills to your first real job!

The Future

Compare your first real paycheck using the formulas that you learned for balancing the ledger.  Check your gross pay, deductions and net pay calculations on every paycheck.  Welcome to the world of employment! 

ABC Company             Wayne, N.J. 07470	Check # 12345 February 15, 2008
pay to the order of     Carmine Cashier -------------------	$246.00
Two Hundred Forty-Six and no cents--------------------------------------------Dollars
123456789  00012345    Sample Bank of Education                                      Ms. Sue Pervisor

ABC Company             Wayne, N.J. 07470	Check # 12346 February 15, 2008
pay to the order of     Philip Fastfood --------------------	$217.60
Two Hundred Seventeen and 60 Cents-------------------------------------------Dollars
123456789  00012346    Sample Bank of Education                                      Ms. Sue Pervisor

ABC Company            Wayne, N.J. 07470	Check # 12347 February 15, 2008
pay to the order of    Sara Salesclerk -------------------	$261.00
Two Hundred Sixty-One and no cents----------------------------------------------Dollars
123456789 00012347    Sample Bank of Education                                    Ms. Sue Pervisor

Created by;    Lindsey Wolak    lwolak@wayneschools.com        Monday, March 03, 2008