Pay, gross and net income, hourly rate

This money is required by law to be withheld from your paycheck and is managed by the IRS (Internal Revenue Service).

• Personal Excemptions

• Social Security

• Federal Income Tax

• Group Health Insurance

The Federal Insurance Contributions Act (FICA) requires employers to deduct a percentage of your income for:

• Social Security

• Medicare

• Both Social Security and Medicare

• Neither Social Security and Medicare

Tags

CCSS.7.RP.A.3

Which will always be higher? Net pay or Gross pay.

• Net pay

• Gross pay

Tags

CCSS.6.NS.C.7C

True or False: Net pay = Gross pay - Total Deductions

• True

• False

Tags

CCSS.7.RP.A.3

Patricia's gross pay is $65,800 a year and the State income tax rate is 3%. Patricia is married. How much is withheld for the year for state taxes?

• $1,845

• $184

• $1,854

• $185

True or False: State taxes pay for police and fire protection, Public Schools, roads, libraries, etc...

• True

• False

Tags

CCSS.3.NF.A.3A

CCSS.3.NF.A.3B

CCSS.4.NF.A.1

True or False: Employers are required by law to withhold a certain amount for federal taxes.

• True

• False

Tags

CCSS.7.RP.A.3

How many hours are considered to be a full work week?

• 8 hours

• 20 hours

• 30 hours

• 40 hours

Tags

CCSS.3.OA.A.3

Harvey worked 36 hours this week. He earns $28.46 an hour. How much did he earn this week?

• $1024.56

• $1138.40

• $1423.00

The hourly wage is $7.75. Russell worked 9 hours. How much did he earn?

• $67.50

• $65.25

• $63.00

• $69.75

Tags

CCSS.6.NS.B.3