Calculating Paycheck Deductions

Anika, Charlotte, and Elijah are learning about finances. They come across a term 'Net Pay'. What is the formula they should use to calculate Anika's net pay from her gross pay and deductions?

• Net Pay = Gross Pay - Deductions

• Net Pay = Gross Pay / Deductions

• Net Pay = Gross Pay * Deductions

• Net Pay = Gross Pay + Deductions

Tags

CCSS.7.RP.A.3

What is the purpose of payroll deductions?

• To increase the net income of an employee.

• To provide additional benefits to the employee.

• To cover certain expenses like taxes and insurance premiums.

• To reduce the company's tax liability.

Tags

CCSS.7.RP.A.3

What is the primary purpose of payroll taxes?

• To fund social security, Medicare, and other government programs.

• To fund infrastructure projects.

• To fund education programs.

• To fund healthcare programs.

Ruth is a tutor who earns $13.25/hour. She tutors Benjamin, Ava, and Elijah for a total of 40 hours each week. After a weekly deduction of $90.72 for her expenses, what is her net pay?

• $439.28

• $530

• $493.43

• $90.72

Tags

CCSS.7.EE.B.3

Ava, Henry, and Kai are discussing their first jobs and the deductions on their paychecks. They are particularly curious about the FICA tax. Can you help them understand what the FICA tax contributes to?

• Education and Infrastructure

• Social Security and Medicare

• Defense and Security

Tags

CCSS.7.RP.A.3

Noah, Aria, and Ethan are discussing their first jobs. They are confused about the mandatory payroll deductions. Which of the following deductions mentioned by them is not a mandatory payroll deduction?

• Medicare

• Unemployment Insurance

• Gym Membership

• Federal Income Tax

Tags

CCSS.7.NS.A.1D

Abigail, Emma, and Michael are working on a school project about taxes. They are analyzing John's paycheck which indicates his gross pay is $800. If his Federal Tax Rate is 20%,

how much will be deducted from his check for Federal Taxes?

• $160

• $800

• $80

• $20

Tags

CCSS.6.RP.A.3C

If Ruth has a combined Medicare and Social Security tax rate of 8.5%,

how much will be deducted from her gross pay of $3000?

• $255.00

• $250.00

• $275.00

• $265.00

Tags

CCSS.6.RP.A.3C

What are the employee's total deductions this pay period? 

• 1844.01
• 307.34
• 1280.00
• 972.67

Tags

CCSS.7.EE.B.3

 What is this employee's gross pay? 

• $872.53 
• $7680
• $1,280 
• $972.67

Tags

CCSS.6.NS.B.3