Net Pay

What percent of gross pay is Medicare tax?

• it varies
• 1.45%
• 6.2%
• 7.65%

Tags

CCSS.6.RP.A.3C

The total amount of earnings before any deductions are taken out

• Gross Pay
• Net Pay
• After-tax Income
• Yucky Pay

Net income is:

• the total amount of money you earn
• the amount of money you receive after deductions are subtracted from your gross income
• the amount of money that is taken away in the form of taxes
• the hourly rate of pay

Tags

CCSS.7.RP.A.3

A tax on the amount of money you earn

• income tax
• payroll tax
• sales tax
• property tax

Tags

CCSS.7.RP.A.3

What is the program that extends health coverage to almost all Americans age 65 and over?

• social security
• taxes
• income tax
• medicare

Tags

CCSS.RI.11-12.5

CCSS.RI.6.5

CCSS.RI.7.5

CCSS.RI.8.5

CCSS.RI.9-10.5

What is the program that provides benefits to most Americans who are retired, sick, or too disabled to work, and to families of workers who have died?

• social security
• taxes
• medicare
• income tax

Ethan earns $73,480 annually as a defense contractor. Use the tax brackets to determine how much income tax will he have to pay in Ohio.

• $2018.14

• $1068.26

• $27,830

• $1653.17

Lindsey is currently attending Columbus State Community College while working to get a degree certification to become a dental assistant. While at school, she is working a part-time job. Last year, her annual salary was $9,560. How much Ohio income tax did she have to pay?

• $0

• $1090

• $56

• 347$

Jess works full-time as a manager at Staples and earns an annual salary of $40,136. Which income tax bracket does she fall into?

• $16,000 – $21,350

• $21,350 – $42,650

• $42,650 - $85,300

• $85,300 – $106,650

Richard earns $57,683 annually as a plumber. How much federal income tax does he pay?

• $8,629.76

• $12,690.26

• $4,453.50

• $7,374.82