Chapter 2 Test

Which of the following is NOT a deduction from your paycheck?

• State Income Tax

• Federal Income Tax

• Roads Improvement Tax

• FICA

What does FICA stand for?

• Forbidden Investigation Can Avert

• It doesn't stand for anything, Mr. Hupp made it up

• Federal Insurance Constitutional Association

• Federal Insurance Contributions Act

Which one of these would not be considered a mandatory deduction from your paycheck?

• Retirement

• Federal Income Tax

• Social Security Tax

• Medicare Tax

Tags

CCSS.7.EE.B.3

CCSS.7.RP.A.3

CCSS.7.NS.A.3

FICA is another name for...

• State and Federal Tax

• Social Security and Medicare Tax

• Retirement and Medical Insurance

• A contribution to the Humane Society

Alex Lopez gross pay is $61,400. His state income tax rate is 3.3%. How much will he pay in state tax?

• $1,995.80

• $1,722.10

• $2,026.20

• $2,296.25

Tags

CCSS.6.RP.A.3C

Carter Sefton's annual salary is $29,800. He is paid monthly. How much does his employer deduct from each of Sefton's paychecks for state income tax of 3.3%

• $76.10

• $81.95

• $96.10

• $106.10

Tags

CCSS.7.EE.B.3

CCSS.7.RP.A.3

Chris Hancock's gross weekly pay is $498. His earnings to date for the year total $13,446. What amount is deducted from his pay this week for Medicare, which is taxed at 1.45%

• $9.00

• $8.65

• $2.43

• $7.22

Tags

CCSS.7.EE.B.3

CCSS.7.RP.A.3

CCSS.7.NS.A.3

CCSS.7.NS.A.2

Ben Bertling's gross weekly pay is $576. His earnings to date for the year total $13,824. What amount is deducted from his pay per week for Medicare, which is taxed at 1.45%?

• $6.00

• $19.95

• $8.35

• $15.60

Tags

CCSS.7.EE.B.3

CCSS.7.RP.A.3

CCSS.7.NS.A.3

CCSS.7.NS.A.2

Ray Jackson's gross biweekly pay is $3,120. His earnings to date for the year total $78,400. What amount is deducted from his pay for Social Security, which is taxed at 6.2%? For Medicare, which is taxed at 1.45%?

• $72.00, $56.78

• $193.44, $45.24

• $45.00, $54.60

• $198.00, $45.00

Tags

CCSS.7.RP.A.3

Joe Giachino is employed at White Castle as a manager. He has family medical coverage through the group medical plan that White Castle provides for its employees. The annual cost of the Giachino's family membership is $3,900. The company pays 50% of the cost. How much does he pay annually for medical insurance?

• $1,950

• $2,900

• $1,650

• $1,000

Tags

CCSS.7.EE.B.3

CCSS.7.RP.A.3

CCSS.7.NS.A.3

CCSS.7.NS.A.2

CCSS.7.NS.A.1

CCSS.7.RP.A.2