paychecks and taxes

Roads, police, schools, governmental agencies, fire and emergency services are all funded by taxes

• true
• false

Tags

CCSS.6.RP.A.3B

The form that determines the amount of money withheld for taxes is called a: 

• w4
• i9
• w2
• 1040ez

Tags

CCSS.6.EE.A.1

With this payment method, employers put the employee’s paycheck into the authorized employee’s bank account 

• paycheck
• payroll card
• direct deposit
•  all are the same

Tags

CCSS.6.NS.B.3

With this type of employee payment, a card electronically carries the balance of the employee’s net income and fees may be charged to use the card.

• paycheck
• payroll card
• direct deposit
• none of these

The length of time for which an employee’s wages are calculated

• payday
• pay period
• payroll
• direct deposit

Total amount paid to an employee each pay period, including regular pay, overtime pay, and other taxable earnings (such as reimbursements)

• net pay
• gross pay
• payroll deductions
• none of these

Helps provide retirement income for the elderly and pays disability benefits

• medicare
• social security
• state income tax
• federal income tax

Tags

CCSS.7.RP.A.3

A health care program for the elderly and disabled

• social security
• medicare
• state income tax
• federal income tax

Tags

CCSS.6.RP.A.3B

Also known as take home pay, this is the amount left after all payroll deductions have been taken from the gross income

• gross pay
• withholdings
• net pay
• real pay

Tags

CCSS.7.RP.A.3

Which is bigger, gross pay or net pay?

• gross pay
• net pay

Tags

CCSS.6.RP.A.3D