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  5. Taxes Exam For Applied Math Chapter 2

Taxes Exam for Applied Math Chapter 2

Authored by Marcie Borchard

Mathematics

9th - 12th Grade

CCSS covered

Used 1+ times

Taxes Exam for Applied Math Chapter 2
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16 questions

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1.

OPEN ENDED QUESTION

5 mins • 1 pt

What is the difference between gross pay and net pay?

Evaluate responses using AI:

OFF

Tags

CCSS.3.OA.D.9

2.

MULTIPLE CHOICE QUESTION

5 mins • 1 pt

Media Image

Kim, a customer service rep, is single, earns $455 a week and claims 2 allowances. What is the amount of FIT withheld?

45

44

34

32

Tags

CCSS.7.RP.A.3

3.

MULTIPLE CHOICE QUESTION

5 mins • 1 pt

Media Image

Find the state tax withheld from Chris who earns $21,423 per year as a forestry technician. His exemptions are himself, his wife and their son. The state tax rate is 4.5% of taxable income.

$964.04

$896.54

$4500

$761.54

4.

MULTIPLE CHOICE QUESTION

5 mins • 1 pt

Media Image

Find the state tax withheld per pay period using the chart. Jo Ha is single and earns $24,400 and is paid twice a month.

$1035

$43.13

$1220

$46.67

Tags

CCSS.7.RP.A.3

5.

MULTIPLE CHOICE QUESTION

5 mins • 1 pt

Valerie is a ski instructor and has a $15,000 annual cost for health insurance. Her employer pays 60%. How much will be deducted each pay period if Valerie gets paid every week. (52 weeks in a year)

$173.08

$115.38

$9000

$6000

Tags

CCSS.6.RP.A.3C

6.

MULTIPLE CHOICE QUESTION

5 mins • 1 pt

Jordan works at the restaurant and gets paid $640 per pay period. State tax is 2% of gross pay and local tax is 1.5% of gross pay. How much will be deducted for Social Security? (6.2%)

$9.60

$9.28

$39.68

$12.80

$568.64

Tags

CCSS.7.RP.A.3

7.

MULTIPLE CHOICE QUESTION

5 mins • 1 pt

Rylie works at the Art Studio and gets paid $640 per pay period. State tax is 2% of gross pay and local tax is 1.5% of gross pay. How much will be deducted for Medicare? (1.45%)

$9.60

$9.28

$39.68

$12.80

$568.64

Tags

CCSS.7.RP.A.3

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