Paystub Basics

Multiple Choice

If you are asked to pay 6.25%of your paycheck in FICA taxes and earn $60,000 a year, how much would you expect to pay in FICA taxes?

• $3000

• $3750

• $4000

• None

Multiple Choice

Last pay period, Jesse paid $126 in taxes. His gross earnings were $950. Approximately what percentage of his earnings were paid in taxes?

• 10%

• 11%

• 12%

• 13%

Multiple Choice

Look at this paystub. What PERCENTAGE of Jose's pay is he withholding for 401K?

• 5%

• 20%

• 25%

Multiple Choice

Look at the paystub. What is Mr. Doe's net pay for THIS pay period?

• $450

• $900

• $418

• $836

Multiple Choice

Jalen earns $15 an hour. He worked 40 hours this pay period, and he takes home 65% of his gross earnings. What was his net (take-home) pay for this pay period?

• $5

• $390

• $210

• $600

Multiple Choice

Salem earns $3000 per month in gross income. She withholds 27% of her paycheck for various taxes and deductions. What is her monthly NET pay?

• $2190

• $810

• $3000

• $3810

Multiple Choice

• $2958.24

• $712.16

• $3670.40

• $458.80

Multiple Select

Which of these is an optional/voluntary deduction?

• Healthcare Insurance

• Retirement Plan

• Social Security tax

• Medicare tax

Multiple Choice

Paul is a salaried employee who is directly deposited $1200 twice a month. What is his ANNUAL take-home pay?

• $1200

• $62,400

• $14,400

• $28,800

Multiple Choice

Kalin makes an annual salary of $80,000 paid twice a month. What should she expect her GROSS pay to be on her first paycheck?

• $3,333

• $6,667

• $8000

Multiple Choice

Paz's salary is $95,000 per year. She withholds 24% of her paycheck in taxes, 15% for retirement and 4% for health insurance. What is her approximate NET (take-home) pay for the YEAR?

• 43%

• $40,850

• $54,150

• $95,000

Multiple Choice

Look at the sample paycheck. How much did this person pay in STATE taxes THIS paycheck?

• $9.73

• $5.40

• $15.13

• $8.70