Business Math Net Pay

Ron Adams earns $450 in gross wages on January 10. How much is deducted from Ron's gross wages for FICA?

• $58.82
• $27.90
• $34.43
• $31.50

Tags

CCSS.7.RP.A.3

Linda is paid $556 a week. Her employer deducts $56 for federal withholding tax, $54.78 for insurance, and 7.65% for FICA. What is her net pay

• $556
• $437.57
• $153.31
• $402.69

Tags

CCSS.7.RP.A.3

George had $38,000 in adjusted gross income last year. He took the standard deduction of $5450 and one exemption for himself for $3500. What was his taxable income for the year?

• $29,050
• $32,550
• $46,950
• $28,450

Tags

CCSS.8.EE.C.7B

Elena Alvarez is a high school student and her parents claim her as a dependent on their tax return. Elena works part-time and earned $2,490 last year. Her employer deducted $320 in withholding  taxes. Elena also earned $320 in interest on a savings account and had no adjustments to income. Elena wants to file for a refund and claim the standard deduction. What is her taxable income?

• $2
• $20
• $320
• $0

Alan has a federal taxable income of $31,500. He pays a state income tax rate of 3.5% on his federal taxable income. Find his state income tax.

• $1,102.50
• $110.25
• $11,025
• $900

Tags

CCSS.6.RP.A.3C

Harold's taxable income is $44,200. Find his state income tax if she pays $1,600 plus 7% of her taxable income over $40,000.

• $1,600
• $1,909.4
• $309.4
• $1,894

Tags

CCSS.6.EE.B.6

Juan earns a gross pay of $44,500. His employee benefits are 18% of his gross pay. What are his total job benefits?

• $52,510
• $8,010
• $36,490
• $45,301

Tags

CCSS.6.RP.A.3C

Joe earns $2,500 per month. Out of those wages, $266 in federal income taxes, $191.25 in FICA taxes, $100 in state taxes and $125 in health insurance premiums were deducted. Find the percentage of gross pay that Joe takes home, to the nearest percent.

• 14%
• 73%
• 71%
• 86%

Tags

CCSS.6.RP.A.3C

Jenn makes $400 per week. He receives a 2% raise. Federal income tax of $36 plus FICA are withheld from his gross pay. how much does his gross pay increase with his raise? How much does his net pay increase?

• $8, $7.39
• $8, $3.79
• $80, $70.39
• $80, $30.79

Tags

CCSS.6.RP.A.3C

Taxes are deducted from all employees paychecks

• true
• false

Tags

CCSS.RI.11-12.3

CCSS.RI.11-12.5

CCSS.RI.8.5

CCSS.RI.9-10.3

CCSS.RI.9-10.5