FICA

The total amount of earnings before any deductions are taken out

• Gross Pay

• Net Pay

• After-tax Income

• None of these

Tags

CCSS.7.RP.A.3

The total amount of earnings after any deductions are taken out

• Gross Pay

• Net Pay

• After-tax Income

• None of these

Tags

CCSS.7.EE.B.3

CCSS.7.NS.A.1

CCSS.7.NS.A.3

CCSS.7.RP.A.3

What percent of gross pay is deducted for Social Security?

• 1.45%

• 6.2%

• It varies

• 7.65%

Tags

CCSS.7.RP.A.2

CCSS.7.RP.A.3

What percent of gross pay is Medicare tax?

• it varies

• 1.45%

• 6.2%

• 7.65%

Tags

CCSS.7.RP.A.2

CCSS.7.RP.A.3

Aaron has a gross weekly income of $721.15. How much will be deducted from his paycheck for Social Security?

• $447.11

• $44.71

• $55.17

• $10.46

Tags

CCSS.7.EE.B.3

CCSS.7.NS.A.3

CCSS.7.RP.A.2

CCSS.7.RP.A.3

Randall had a weekly paycheck of $355.25. How much Social Security would be withheld from his paycheck?

• $27.18

• $5.15

• $22.03

• $220.26

Tags

CCSS.7.EE.B.3

CCSS.7.NS.A.3

CCSS.7.RP.A.3

Randall had a weekly paycheck of $355.25. How much Medicare would be withheld from his paycheck?

• $27.18

• $5.15

• $22.03

• $220.26

Tags

CCSS.7.EE.B.3

CCSS.7.RP.A.3

Randall had a weekly paycheck of $355.25. How much FICA (Social Security AND Medicare) would be withheld from his paycheck?

• $22.30

• $22.03

• $27.20

• $27.18

Tags

CCSS.7.EE.B.3

CCSS.7.RP.A.2

CCSS.7.RP.A.3

Shane has a gross weekly income of $502.16. How much will be deducted from his paycheck for Medicare?

• $7.28

• $7.30

• $38.42

• $31.13

Tags

CCSS.7.EE.B.3

CCSS.7.RP.A.2

CCSS.7.RP.A.3

Shane has a gross weekly income of $502.16. How much will be deducted from his paycheck for Social Security?

• $7.28

• $7.30

• $38.42

• $31.13

Tags

CCSS.7.EE.B.3

CCSS.7.NS.A.3

CCSS.7.RP.A.2

CCSS.7.RP.A.3