Week 15 - Gross Income vs Take-Home Pay

the department of the US government that collects federal taxes.

• property tax

• internal revenue service

• income tax

• government

a tax on the goods and services a person purchases.

• property tax

• government

• income tax

• sales tax

a tax on the money a person or business receives.

• income tax

• government

• property tax

• sales tax

a tax on the value of a home, land or other item someone owns.

• income tax

• property tax

• government

• sales tax

How much does an employee who earns $60,000 gross salary pay for Medicaid tax?

• $3720

• $37200

• $870

• $8700

How much does an employee who earns $60,000 gross salary pay for Social Security tax?

• $3720

• $37200

• $870

• $8700

How much does an employee who earns $60,000 gross salary pay for total FICA tax?

• $3720

• $4590

• $870

• $2850

How much does an employee who earns $64,000 gross salary pay for total FICA tax?

• $3968

• $39680

• $928

• $4896

How much does an employee who earns $64,000 gross salary pay for Social Security tax?

• $3968

• $39680

• $928

• $4896

How much does an employee who earns $64,000 gross salary pay for Medicaid tax?

• $3968

• $39680

• $928

• $4896