Personal Financial Literacy-Fall 2023

What is the employee's gross pay for the YEAR?

• $1280

• $972.67

• $872.53

• $7680

How much is being deducted for the employee's Federal Taxes for this paycheck only?

• $123.12

• $48.52

• $738.72

• $81.12

What is the employee's net pay?

• $7680

• $307.34

• $972.67

• $123.12

Money you receive after taxes is called:

• gross income
• net income
• salary
• pay day

Money you receive before taxes is called:

• gross income
• net income
• pay day
• bank loan

What is the length of the pay period?

• two weeks
• one week 
• a month
• three weeks 

Money paid to the government

• Paystub

• Current

• Taxes

• Net Pay

Money taken out of paycheck to cover expenses including taxes and health insurance

• Deductions

• Taxes

• Paystub

• Net Pay

YTD stands for:

• Year to Date

• Year Tax Date

• Yearly Tax Date

• Your Total Deductions

What is the gross amount for the year?

• 6,590.59
• 22,400
• 15,809.41
• 2,240