Pay and Taxes

Pay and Taxes

12th Grade

61 Qs

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Pay and Taxes

Pay and Taxes

Assessment

Quiz

Other

12th Grade

Medium

CCSS
6.RP.A.3B, 7.RP.A.3, RI.8.1

+4

Standards-aligned

Created by

Julie Hart

Used 29+ times

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61 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the FICA tax?

Primarily a credit card tax
 a tax on investment income
another name for the marginal tax rate system
 a tax collected primarily to fund Social Security and Medicare

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Net income is:

the total amount of money you earn

the amount of money you receive after taxes and 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

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Alyssa has her first job at the local bakery. After working for one week, she received her first paycheck. The total amount of money she is able to put in the bank is $75.62. What type of income does this amount describe?

Gross Income

Net Income

Both Gross and Net Income

None of the above

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the amount of money you earn, before taxes are taken out?

Net Income

Gross Income

Taxable Income

Actual Income

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

If Amy gets a raise at work and her gross income increases, which statement is more likely to be true?

Since her gross income increased, her net income will decrease.

Since her gross income increased, her property tax will increase.

Since her gross income increased, her net income will increase.

None of the above

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

the total amount of taxes owed

estate tax
inheritance tax
income tax return
tax liability

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

tax on wages, salaries, and self- employed earnings

estate tax
income tax
tax liability
income tax return

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