Chapter 2: Net Pay Test Review Day 2

FICA is

• social security tax

• a deduction for people 65 or older

• not a tax

• not deducted from your paycheck

Tags

CCSS.6.RP.A.3D

If Darien earns $120 net pay each paycheck and receives a paycheck each week, how much should he include as earnings in his yearly budget?

• $6,220
• $6,000
• $6,240
• $5,760

Tags

CCSS.7.EE.B.3

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

Net pay is:

• the amount earned over a lifetime.
• the amount earned before deductions or taxes are taken out.
• the amount received after deductions and taxes have been taken out.
•  computed by multiplying the number of hours by the hourly rate of pay, then subtracting federal and state income taxes.

Tags

CCSS.6.NS.B.3

Gross pay is:

• the amount earned over a lifetime.
• the amount earned before deductions or taxes are taken out.
• the amount received after deductions and taxes have been taken out.
•  computed by multiplying the number of hours by the hourly rate of pay, then subtracting federal and state income taxes.

Tags

CCSS.6.NS.B.3

Ann worked 45 hours this week.  Her hourly rate is $10 per hour.  She earns time and a half for every hour over 40 that she works in a week.  What is her gross pay?

• $400
• $475
• $450
• $675

Tags

CCSS.7.EE.B.3

Amarise's salary has a net income of $235 per week. If she pays $30 in income tax and $15 in payroll tax, how could Juliette determine her gross income? Why?

• 235 – 30 – 15 = $190 Net income minus all deductions equals gross income.
• 235 + 15 = $250 Net income plus payroll tax deductions equals gross income.
• 235 + 30 = $265 Net income plus income tax deductions equals gross income.
• 235 + 30 + 15 = $280 Net income plus all deductions equals gross income.

Tags

CCSS.6.NS.B.3

Bobo makes $2,321 a week. He files married. What amount of federal tax is withheld?

FED: $174.70 + 22% in excess of $1745.00

• $192.33

• $201.51

• $301.42

Gross income minus deductions equal your net income.
If Amorelle made $384 in gross income and her deductions are $122, what is her net income?

• $506
• $406
• $262
• $266

Tags

CCSS.3.OA.D.8

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