Payroll Review 1

The total earnings paid to an employee after payroll taxes and other deductions

• gross pay
• net pay
• real pay
• deductions 

The total amount of income you earn in a pay period before any deductions are taken out

• Gross pay

• Net pay

• Wages

• Salary

Tags

CCSS.6.NS.B.3

Payroll taxes that are paid by both the employer and the employee are

• federal unemployment tax and social security tax

• federal unemployment tax and Medicare tax

• social security tax and Medicare tax

• federal income tax, social security tax, and

  Medicare tax

Medicare is paid by both the employer and employee.

• True

• False

What % is withheld from employees to pay for Social Security?

• 1.45%
• 3.75%
• 5%
• 6.2%

How much is withheld from employees earnings to pay for Medicare Tax?

• 1.45%
• 5%
• 6.2&
• 8%

How many hours can an hourly worker work in a week before receiving overtime pay?

• 20
• 40
• 60
• 80

Tags

CCSS.6.EE.B.8

What is the formula for calculating Overtime Pay?

• Regular pay x 2
• Regular pay x 1.5
• Regular pay x 3
• Regular pay / 2

Tags

CCSS.HSS.ID.B.6A

Total pay due after deductions

• net pay

• social security tax

• gross pay

• tax base

Total pay due for a pay period before deductions

• net pay

• gross pay

• withholding allowance

• salary

Tags

CCSS.7.RP.A.3