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Payslip
FinanceSource: Standard payroll / personal finance
A payslip is a record showing how an employer worked out the money paid to you.
Example
Maya worked eight hours at $10 an hour. Her record shows $80 earned, $8 subtracted, and $72 paid to her.
How it fits in
A payslip normally shows gross pay, each deduction, and take-home pay for one pay period. Check the hours, rate, labels, and calculation. If something is missing or unfamiliar, ask the employer or payroll contact to explain it.
Where this is taught
Related terms
Compound Interest
When the money you earn from saving starts earning its own money on top.
Simple Interest
Interest paid only on the original amount, never on the interest you have already earned.
Needs vs Wants
Needs are the things that keep you safe and well. Wants make life nicer. Mixing them up is what empties most budgets.