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Final Assessment - Understanding a Paycheck and Pay Stub Answer each question completely. 1. Explain the difference between gross pay and net pay. Type here 2. Explain what deductions are and how they affect a worker's paycheck. Type here 3. What is a basic definition of disposable income? Type here 4. List two deductions that are mandatory. 1 Type here 2. Type here Fill-Ins: Drag the term to complete each sentence correctly. gross pay net pay overtime disposable income deduction pay stub 5. A is any amount of money subtracted from your check. 6. A explains how much money was earned and the types of deductions and amounts withheld from a worker's paycheck. 7 is time worked beyond an employee's regular hours. 8. the amount of money you earn before deductions are subtracted. 9. is the amount of money you earn after deductions are subtracted. 10. the amount of money remaining after taxes have been deducted that a person can spend as he/she wishes. Caffeine Q Teacher 14