Reading Your Paycheck practice questions

Front

Kali is starting a new job and needs to complete Form I-9 to verify his identity and employment authorization. Which of the following is NOT a document that can be used for this purpose? Driver’s license, Social Security card, Birth certificate, School Identification Card

Back

School Identification Card

Front

What is the purpose of Form W-4?

Back

To determine the amount of money withheld for federal and state taxes.

Front

Sydnee is starting a new job and needs to fill out Form W-4 to determine the amount of money withheld for federal and state taxes based on ______.

Back

Marital status and number of children

Front

Samantha just received her Form W-2 from her employer. What is the primary purpose of this form?

Back

To report income earned and taxes paid

Front

How many hours are in a standard full-time work week?

Back

40 hours

Front

Overtime is considered when an employee works over ___ hours in a week.

Back

40

Front

Justin received his paycheck and noticed the total amount of money earned during the pay period before any deductions is called ______.

Back

Gross Pay

Front

What percentage of an individual's paycheck is typically deducted from Gross Pay on average?

Back

31%.

Front

Isabella just received her first paycheck and noticed several deductions. The four mandatory paycheck deductions include Federal Income Tax, State Income Tax, Social Security, and ________.

Back

Medicare

Front

What are taxes used for?

Back

To provide public goods and services