Review- Gross Pay, Deductions, & Net Pay

Yvonne's gross income:  $703
Yvonne's deductions:  $251.18
Yvonne's net income:  ?

• $451.82
• $551.82
• $954.18
• $25,812.00

Tags

CCSS.6.NS.B.3

Ron Adams earns $450 in gross wages on January 10. How much is deducted from Ron's gross wages for FICA?

• $58.82
• $27.90
• $34.43
• $31.50

Tags

CCSS.7.RP.A.3

Linda is paid $556 a week. Her employer deducts $56 for federal withholding tax, $54.78 for insurance, and 7.65% for FICA. What is her net pay

• $556
• $437.57
• $153.31
• $402.69

Tags

CCSS.7.RP.A.3

George had $38,000 in adjusted gross income last year. He took the standard deduction of $5450 and one exemption for himself for $3500. What was his taxable income for the year?

• $29,050
• $32,550
• $46,950
• $28,450

Tags

CCSS.8.EE.C.7B

A car salesperson receives a commission of 8% on all sales.  If he sold   $40,000 worth of cars in one week, find his commission.

• $320,000.00
• $5000.00
• $3200.00

Tags

CCSS.6.RP.A.3C

The total amount you earn before any deductions are subtracted is called __________ pay.

• Bonus
• Gross
• Incentive
• Net

Tags

CCSS.6.NS.B.3

__________ is time worked beyond the regular hours.

• Flextime
• Bonus
• Wage
• Overtime

Tags

CCSS.RI.11-12.4

CCSS.RI.7.4

CCSS.RI.8.4

CCSS.RI.9-10.4

CCSS.RI.9-10.4

For employees, the Social Security deduction is withheld at the rate of 

• 1.45 percent of all pay earned
• 1.45 percent of the first $117,00 earned
• 6.2 percent of all pay earned
• 6.2 percent of the first $97,500 earned

Tags

CCSS.6.RP.A.3C

Rate × Hours Worked = 

• Net Pay
• Overtime Pay
• Incentive Pay
• Gross Pay

Tags

CCSS.6.RP.A.3B

Some deductions are required by law, but others are optional.

• True
• False