Pay Stubs & Taxes

What is the term for money taken out of a paycheck?

• salary

• deduction

• subtraction

• none of the above

The money earned before money is taken out of a paycheck is called what?

• net pay

• earned pay

• gross pay

• full pay

The time period in which an employee gets paid is called?

• pay check

• pay period

• time period

• none of these

Which are considered mandatory deductions from a paycheck?

• social security

• medicare

• federal income tax

• all of these

Which are considered optional deductions from a paycheck?

• life insurance

• health insurance

• union dues

• all of these

State tax monies might be used for:

• healthcare

• transportation

• education

• all of these

Federal tax monies might be used for:

• healthcare

• groceries

• parks & recreation

• computer networks

There are taxes on:

• income

• all of these

• property

• goods & services

If I decide to purchase a television I will pay what type of tax?

• gift

• sales

• income

• property

How do the governments get my income tax monies?

• take it out of a paycheck

• go to my bank and withdraw it

• mail my paycheck to them

• they go through the courts