Finals Gen Math Review Day1

Carl makes $24.60 per hour. He works 11 hours every day. Calculate the gross pay per week.

• $270.60

• $1894.20

• $2706

• $14071.20

Yvonne's gross income:  $703
Yvonne's deductions:  $251.18
Yvonne's net income:  ?

• $451.82
• $551.82
• $954.18
• $25,812.00

If she has a GROSS PAY of $896.50, and she has 30% withheld for taxes, social security, and retirement plus $15 for insurance, how much is her TAKE HOME PAY for the week?

• $612.55
• $850.00
• $650.00
• 500.00

What is the Social Security tax rate removed through payroll tax?

• 6.15%
  6.20
• 6.20%
• 6.45%
• 6.50%

What is the tax rate removed through payroll tax for Medicare

• 1.65%
• 1.25%
• 1.45%
• 1.50%

Gross pay: $23,760 Married, with 4 dependents, State income tax rate 6%. Calculate the State Income Tax.

Exemptions: Married $4,000, Each dependent $2,000.

• $201.33

• $705.60

• $945.60

• $105.60

• $43983

• $39382

• $41075

If Darien earns $120 net pay each paycheck and receives a paycheck each week, how much should he include as earnings in his yearly budget?

• $6,220
• $6,000
• $6,240
• $5,760

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

Net pay is:

• the amount earned over a lifetime.
• the amount earned before deductions or taxes are taken out.
• the amount received after deductions and taxes have been taken out.
•  computed by multiplying the number of hours by the hourly rate of pay, then subtracting federal and state income taxes.