 Welcome to Learning About Your Earnings, Understanding Your Paycheck. When you get paid on Payday, you receive a Paycheck Stub and a Paycheck. Your Paycheck Stub tells you several things. First of all, your Paycheck Stub tells you your gross pay. Gross pay is the amount of your actual earnings or number of hours times your hourly pay rate. Secondly, your Paycheck Stub tells you your net pay. Net pay is the amount of your paycheck. This is commonly called your take-home pay. Thirdly, your Paycheck Stub shows deductions. Deductions are amounts withheld by your employer. So net pay equals gross pay minus deductions. Here we have a Paycheck Stub for an employee named Joe Worker. Take some time to study it, then answer the questions that follow. Question 1. What is Joe Worker's pay rate? The correct answer is $10. Question 2. How much did Joe Worker take home this pay period? The correct answer is $565.50. Question 3. What is Joe Worker's current state deduction? The correct answer is $47.80. Question 4. What is Joe Worker's gross pay on this paycheck? The correct answer is $800. And question 5. How much has Joe Worker paid to the union this year? The correct answer is $67.20. Congratulations! You have completed Learning About Your Earnings, Understanding Your Paycheck.