It's Your Paycheck!

If you worked 120 hours in the summer and were paid $10 an hour, how much money would you expect to receive?

• $120.00
• $1,200.00
• $12,000.00
• none

Tags

CCSS.7.EE.B.3

How much income did John earn during his first pay period?

• $168.00
• $43.09
• $25.20
• $2.44

Why is net pay different than gross pay?

• Because you have to subtract your deductions.
• Because you have to add your deductions.

According to John's paystub, how much federal income tax was withheld from John's check?

• $10.42
• $124.91
• $2.44
• $25.20

Why do you need to fill out a W-4?

• It lets your employer determine what kind of health insurance you need.
• It helps your employer determine what percentage of your income should be deducted for taxes.

How much was withheld for Social Security AND Medicare from John Dough's check?

• $2.44
• $12.86
• $10.42
• zero

What is a W-2?

• Application for health insurance.
• A W-4 minus 2.
• A summary of a person's earnings and tax withholding for an entire year.

What does the government use tax money for?

• Roads and bridges
• National parks
• Public education
• All of these