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Chapter 2 Review - Net Income

Authored by Scott Jezusko

11th - 12th Grade

CCSS covered

Used 44+ times

Chapter 2 Review - Net Income
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27 questions

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1.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

Gross income is:

the total amount of money you earn

the amount of money you receive after decuctions are subtracted

the total amount of money you spend

sales taxes on items you buy

Tags

CCSS.7.RP.A.3

2.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

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

3.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

Marco has the following deductions listed.

Federal Income tax: $44

Social Security tax: $23

Medicare tax: $5

Health Insurance: $24

What is the total amount of his deductions?

$39

$67

$91

$96

Tags

CCSS.3.OA.D.8

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Money deducted from a paycheck that the US Goverment uses to pay for the country's needs.

Federal income tax

Net pay

Medicare

Social Security

Tags

CCSS.RI.11-12.7

CCSS.RI.9-10.7

CCSS.RL.11-12.7

CCSS.RL.8.7

CCSS.RL.9-10.7

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A tax structure where those who make more money will pay more money.

Graduated income tax
Federal income tax
Net pay
Medicare

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Government financial assistance to those who need help.

Social Security
Graduated income tax
Federal income tax
Net pay

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Government medical assistance to those who need help.

Medicare
Social Security
Graduated income tax
Federal income tax

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