U1 P5 Social Security and Medicare 2021-2022

U1 P5 Social Security and Medicare 2021-2022

12th Grade

15 Qs

quiz-placeholder

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U1 P5 Social Security and Medicare 2021-2022

U1 P5 Social Security and Medicare 2021-2022

Assessment

Quiz

Other

12th Grade

Medium

CCSS
6.RP.A.3C, 7.RP.A.3

Standards-aligned

Created by

Shirley Braden

Used 85+ times

FREE Resource

15 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

15 mins • 1 pt

What percent of your earnings goes to Medicare?

1.45%

.0145%

6.2%

.062%

Tags

CCSS.6.RP.A.3C

2.

MULTIPLE CHOICE QUESTION

15 mins • 1 pt

What percent of your earnings goes to Social Security?

1.45%

.0145%

6.2%

.062%

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The Social Security deduction is withheld at a standard rate of 6.2%. Suppose your gross pay this week is $500. How much Social Security tax is withheld from your paycheck?

$469

$25

$31

$250

Tags

CCSS.6.RP.A.3C

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The Medicare deduction is withheld at a standard rate of 1.45%. Suppose your gross pay this week is $750. How much Medicare ta will be withheld from your paycheck?

$11.75

$690

$5.39

$10.88

Tags

CCSS.6.RP.A.3C

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the current rates for Social Security and Medicare?

Social Security: 8.3%, Medicare: 3%

Social Security: 5.9%, Medicare: 1.85%

Social Security: 7.05%, Medicare: 10.23%

Social Security: 6.2%, Medicare: 1.45%

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

EVERY taxpayer pays the same tax rate for Medicare, no matter how much you make.

True

False

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

Federal government program that supports health care for individuals over 65

Social Security

Salary

Medicare

Income Insurance

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