Paychecks

What is medicare?

• Health benefits for the working
• Health benefits for retirement
• Health benefits for babies
• Disability Insurance

Tags

CCSS.6.RP.A.3B

Are deductions added or subtracted from income ?

• Subtracted
• Added

Tags

CCSS.5.NBT.B.7

Which of the following is NOT an example of a pay period?

• Weekly
• Monthly
• Yearly
• Biweekly

Which of the following describes money given to you from the federal government upon retirement?

• Social Security
• Medicare
• A pension plan
• Tax Refund

What is gross income?

• Take home pay
• Total amount of wages after deductions
• Total amount of wages before payroll deductions
• Amount the employer keeps

Which of the following is not a standard tax deduction from your paycheck?

• federal income tax
• Savings for retirement
• state income tax
• Social Security

Tags

CCSS.7.RP.A.3

__________________ deductions are automatically withdrawn from your paycheck

• Optional
• Suggested
• Standard
• Federal

What is net income?

• Amount of money earned after deductions
• Cost of lifetime allowance
• Amount of money earned before deductions
• Keeping your money in a net

FICA taxes are

• U.S. federal payroll taxes imposed on both employees and employers to fund Social Security and Medicare
• U.S. federal payroll taxes imposed on employees only to fund Social Security and Medicare.
• U.S. federal payroll taxes imposed on both employees and employers to fund Social Security.
• U.S. federal payroll taxes imposed on employers only to fund Social Security and Medicare

Tags

CCSS.6.RP.A.3B

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