Gross Pay and Net Pay

Gross Pay minus deductions equals Net Pay

• true

• fales

FICA provides federal benefits for old age, survivors, disability, and health insurance.

• true

• false

Social Security taxes and Medicare taxes are paid solely by the employee

• true

• false

An employer is required, by law, to withhold mandatory taxes from an employee's gross pay before issuing his or her paycheck.

• true

• false

Employers commonly offer paid leave to their employees for holidays, vacations, and sick leave.

• true

• false

Gross pay includes regular wages or salary plus overtime pay.

• true

• false

Payroll deductions are always mandatory.

• true

• false

Mandatory deductions include: health insurance, life insurance, YMCA membership discounts, paid vacations, and sick leave

• true

• false

Paid Family leave includes

• Christmas Day and July 4th

• Taking days off when a baby is born

• employee illness

• any purpose the employee chooses

• usually 1-2 weeks paid vacation

Paid Vacation includes

• Christmas Day and July 4th

• Taking days off when a baby is born

• employee illness

• any purpose the employee chooses

• usually 1-2 weeks paid vacation