Unit 2 Review

Marcia is married with 1 dependent and earns a bi-weekly paycheck of $3,025.  Her state tax is 2.7%. What is her annual state income tax?

• $2,005.61
• $1,961.55
• $1,691.55
• $1,169.55

Marcia earns a bi-weekly paycheck of $3,025.  How much of her paycheck is withheld for Medicare?

• $53.86
• $187.55
• $185.77
• $43.86

What is this form?

• w2
• w4
• 1040
• 1040ez

What is this form?

• 1040
• 1040EZ
• 1039EZ
• 1099

Net pay is:

• Earnings before taxes and deductions
• Take home pay, or earnings after taxes and deductions

Marco has the following deductions listed.

Federal Income tax: $44

Social Security tax: $23

Medicare tax: $5

Health Insurance: $24

What is the total amount of his deductions?

• $39

• $67

• $91

• $96

Tags

CCSS.7.EE.B.3

CCSS.7.NS.A.3

Angel wants to buy a football jersey that cost $84.

He gets a job that pays him $15 an hour. He worked seven hours and was paid. After calculating his gross pay, does Angel have enough money to pay for the jersey if his total deductions was $12?

• Yes

• No

Tags

CCSS.7.EE.B.3

CCSS.7.NS.A.1

CCSS.7.NS.A.3

Yvonne's gross income: ?

Yvonne's deductions: $251.18

Yvonne's net income:$451.82

• $703

• $200.64

• $954.18

• $25,812.00

Tags

CCSS.7.EE.B.3

CCSS.7.EE.B.4

CCSS.7.NS.A.3

Martha's net income is $500, if her gross income is $850, how much are her deductions?

• -$350
• $350
• $500
• $1350

Tags

CCSS.7.EE.B.3

CCSS.7.NS.A.1

CCSS.7.NS.A.3

David's gross income: $127.25

David's deductions: $25.20

David's net pay: ?

• $102.05

• $102.45

• $112.05

• $152.45

Tags

CCSS.7.EE.B.3

CCSS.7.NS.A.1

CCSS.7.NS.A.3