Taxes, deductions, and health care

The majority of bankruptcies in the United States are due to what?

• Student loan debt
• Credit Card debt
• Medical Bills

The form that determines the amount of money withheld for taxes is called a: 

• w4
• i9
• w2
• 1040ez

The form which is used to prove the identity of people and avoid hiring non United States citizens is called: 

• w2
• w4
• i9
• 1040ez

With this payment method, employers put the employee’s paycheck into the authorized employee’s bank account 

• paycheck
• payroll card
• direct deposit
•  all are the same

With this type of employee payment, a card electronically carries the balance of the employee’s net income and fees may be charged to use the card.

• paycheck
• payroll card
• direct deposit
• none of these

The total amount of money earned before payroll withholdings

• net pay
• gross pay
• payroll deductions
• none of these

Helps provide retirement income for the elderly and pays disability benefits

• medicare
• social security
• state income tax
• federal income tax

A health care program for the elderly and disabled

• social security
• medicare
• state income tax
• federal income tax

Also known as take home pay, this is the amount left after all payroll deductions have been taken from the gross income

• gross pay
• withholdings
• net pay
• real pay

Which is bigger, gross pay or net pay?

• gross pay
• net pay