Gross Pay and Net Pay

The Social Security tax rate is _________ of your gross pay.

• 6.2%

• 1.45%

• 10%

Your GROSS pay is.......

• What is deposited in your account

• What you EARN

The Medicare tax rate is _____ of your gross pay

• 6.2%

• 1.45%

• 10%

Net Pay is

• Gross pay minus deductions

• Gross pay plus deductions

Federal income tax depends on

• Marital status

• How many dependents you claim

• Gross pay

• All of the above