Personal Finance Paycheck deductions

A tax on income to fund the social security benefits to most 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

Is the total amount you earn before any deductions are subtracted.

• Net Pay

• Gross Pay

• Income

• Taxes

Tags

CCSS.7.RP.A.3

The actual amount of money you "take home" is

• Gross Pay

• Never Enough

• Net Pay

• Payroll Income

Tags

CCSS.6.RP.A.3B

I don't have to pay taxes because I'm not 18 years old yet.

• TRUE

• FALSE

What is your GROSS pay if you make $10 per hour & worked 20 hours this week?

• $100

• $200

• Unable to calculate based on information provided.

Tags

CCSS.7.EE.B.3

When making a budget, what figure should you use to predict how much money you have to spend?

• gross pay

• taxes

• benefits

• net pay

Tags

CCSS.6.RP.A.3B

FICA tax includes

• Social Security and Medicare

• Federal taxes and State taxes

• Unemployment and Health care

Which is bigger, gross pay or net pay?

• gross pay
• net pay

Tags

CCSS.7.RP.A.3

Are deductions added or subtracted from income ?

• Subtracted
• Added

Tags

CCSS.6.NS.B.3

I don't need to pay any federal taxes because I only got paid $7650 from my job at Taco Bell last year.

• True

• False