Unit 2: Net Pay Test

Net income is:

• the total amount of money you earn before deductions.
• the amount of money you receive AFTER deductions are subtracted from your gross income
• a debt or money that is owed to someone.
• the hourly rate of pay

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

Dayanara's gross income was $550.  What was her net income if her deductions were $110 for payroll taxes and $22.50 for health insurance?

• $132.50
• $417.50
• $440.00
• $638.50

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

Joe John made $475.00 at Sportsman's Warehouse. He had $29.45 taken out for FICA. As a percentage, this represents how much of his gross wage?

• it varies

• 1.45%

• 6.2%

• 7.65%

Answer explanation

Social Security: 6.2% Medicare: 1.45%

Bobo makes $2,321 a week. He files married. How much will be taken out for federal tax?

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

• $192.32

• $201.56

• $301.42

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

• $2013.38

• $1425.60

• $1945.60

• $1105.60

Tags

CCSS.7.RP.A.3

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

Social security is also called

• FICA 
• State 
• Federal 
• 401K

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

• Bonus
• Gross
• Incentive
• Net

Tags

CCSS.RI.9-10.4

CCSS.RI.9-10.4

CCSS.RI.11-12.4

CCSS.RI.7.4

CCSS.RI.8.4