Payroll Deductions Practice

Which payroll deduction fund government programs and services.

• State Tax

• Social Security Tax

• Medicare Tax

• Federal Tax

Which of the following is NOT a payroll deduction?

• Overtime pay

• State Tax

• Federal Tax

• FICA Social Security

What is the current Social Security tax rate?

• 4.5%

• 8.7%

• 10%

• 6.2%

Which payroll deduction provides health insurance benefits for people age 65 or older?

• Medicaid

• FICA

• FICA Medicare

• Health Insurance

Which payroll deduction fund local services and community programs in our state?

• Social Security

• FICA Medicare

• State Tax

• Federal Tax

What is the current Federal Tax rate?

• 12%

• 10%

• 4.0%

• 15%

What is the current Medicare tax rate?

• 0.5%

• 2.5%

• 3%

• 1.45%

Which payroll deduction is used to fund Social Security benefits?

• FICA tax

• Property tax

• Sales tax

• Income tax

What is the current State Tax rate?

• 5.0%

• 3.0%

• 4.0%

• 4.5%

What is YTD?

• Year-Two-Deductions

• Year-Time-Day

• Year-To-Date

• Year-Time-Deductions