Income Vocabulary Multiple Choice Questions

Front

How to find % of income you PAY in taxes?

Back

100-% of Income you keep

Front

How to calculate net income?

Back

Gross Income - taxes

Front

How many places do you move the decimal to convert a decimal number to a percentage?

Back

Move 2 places

Front

Money subtracted from your income to pay state/federal taxes, FICA/Medicare, Social Security, etc.

Back

Income Tax

Front

How to calculate gross income?

Back

hours worked x hourly wage

Front

How to find the % of your income you KEEP?

Back

net pay / gross pay

Front

% of your income you keep + % of income you pay in tax = ?

Back

100%

Front

Bi-weekly

Back

every other week, twice per month

Front

Operation used to find total hours worked in a week

Back

addition

Front

How to find amount of money you PAY IN TAXES if you keep 80% of your gross pay?

Back

0.20 x gross pay