Pay Statements Quiz

What is gross pay?

• The total amount of money earned before deductions

• The amount of money earned after deductions

• The amount of money earned after tax withholdings

• The total amount of money earned after overtime pay

What is net pay?

• The total amount of money earned before deductions

• The amount of money earned after deductions

• The amount of money earned after tax withholdings

• The total amount of money earned after overtime pay

What are deductions on a pay statement?

• The total amount of money earned before deductions

• Item categories subtracted from gross pay to pay into other categories

• The amount of money earned after tax withholdings

• The total amount of money earned after overtime pay

What are tax withholdings on a pay statement?

• The total amount of money earned before deductions

• The amount of money earned after deductions

• The amount of money that goes towards federal, state, and local taxes

• The total amount of money earned after overtime pay

What is overtime pay?

• The total amount of money earned before deductions

• The amount of money earned after deductions

• The amount of money earned after tax withholdings

• The total amount of money earned after working additional hours

Which of the following is included in gross pay?

• Deductions

• Tax withholdings

• Overtime pay

• Net pay

Which of the following is subtracted from gross pay to calculate net pay?

• Deductions

• Tax withholdings

• Overtime pay

• Gross pay

Which of the following is not a deduction on a pay statement?

• Income tax

• Health insurance

• Overtime pay

• Retirement contributions

Which of the following is not a tax withholding on a pay statement?

• Federal income tax

• State income tax

• Social Security tax

• Overtime pay