Paycheck Vocabulary

Paycheck Vocabulary

9th - 12th Grade

17 Qs

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Paycheck Vocabulary

Paycheck Vocabulary

Assessment

Quiz

Other

9th - 12th Grade

Practice Problem

Medium

Created by

Brianne Moriarty

Used 31+ times

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17 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

15 mins • 6 pts

Media Image

Taxes are...

Retirement funds

fees and charges imposed by governments to help pay for their programs and services

an amount of money you earn for each hour that you work

the amount of money you actually get to keep from your paycheck

2.

MULTIPLE CHOICE QUESTION

15 mins • 5 pts

On your paycheck, your "take home" pay, or money that you could spend, is also known as:

gross pay

salary

net pay

wages

3.

MULTIPLE CHOICE QUESTION

15 mins • 5 pts

These are fees and charges imposed by governments to help pay for their programs and services.

taxes

benefits

penalties

savings

4.

MULTIPLE CHOICE QUESTION

15 mins • 6 pts

On your paycheck, this is the total pay you have earned from a job, before any taxes and benefits are deducted.

gross pay

net pay

all pay

more pay

5.

MULTIPLE CHOICE QUESTION

15 mins • 6 pts

A tax used to fund the social security benefits to Americans who are retired, sick, or too disabled to work, and to families of workers who have died.

FICA - Medicare

FICA - Social Security

Federal Income Tax

State Income Tax

6.

MULTIPLE CHOICE QUESTION

15 mins • 6 pts

A tax which is used to provide healthcare and insurance benefits to retirees and people with limited resources/income

State Income Tax

FICA - Social Security

Federal Income Tax

FICA - Medicare

7.

MULTIPLE CHOICE QUESTION

15 mins • 6 pts

the amount that an employee earns before taxes and other deductions are taken from their paycheck

Net Pay

Gross Pay

Income

Taxes

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