Chapter 2: Net pay review 1

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

• Bonus
• Gross
• Incentive
• Net

Tags

CCSS.6.NS.B.3

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

If she has a GROSS PAY of $896.50, and she has 30% withheld for taxes, social security, and retirement plus $15 for insurance, how much is her TAKE HOME PAY for the week?

• $612.55
• $850.00
• $650.00
• 500.00

Tags

CCSS.6.RP.A.3C

What is the Social Security tax paid on taxable income of $2,500 if the Social Security rate is 6.2%?

• $25

• $155

• $278

• $334

What is the tax paid for Medicare if taxable income was $450 and the Medicare rate is 1.45%?

• $0.45

• $4.50

• $6.53

• $6.75

Another name for the tax paid on Social Security is ________

• FICO
• FICE
• FACE
• FICA

Gross pay: $23,760 Married, State income tax rate 6%. Calculate the State Income Tax.

• $201.33

• $1425.60

• $945.60

• $105.60

What is the federal tax owed on a taxable income of $59,475?

• $8943

• $5444

• $9218

Tags

CCSS.8.F.B.4

CCSS.HSF.IF.B.6

What is the income tax owed on a taxable income of $139,622?

• $26,931

• $13,962

• $22,433

Tags

CCSS.8.F.B.4

CCSS.HSF.IF.B.6

• $1768

• $1894

• $1688