Quiz- Statement of Earnings

Kelly makes $812 per week. She is single and claims 3 allowances. She has ​ (a)   withheld for Federal Income Tax.

• $78
• $72
• $92
• $89

Match the following

• 6.2%

• Needs/Essentails

• 50%

• Wants

• 20%

• Savings

• 1.45%

• Medicare

• 30%

• FICA

Kevin makes $925. How much is taken out of his check for for Medicare?

(a)  

Alice's gross weekly income is $622. She is married with three allowances. The state tax is 2.5% of her gross pay. Alice has ​ (a)   deducted for state taxes. Alice particpates in group medical insurance. Her company pays 90% of the annual cost of $18,865. Alice pays ​ (b)   weekly for medical insurance.

• $15.55
• $155.50
• $1.55
• $36.28
• $1886.50
• $72.55

Luke makes $633 a week. He is single and claims one allowance. He pays ​ (a)   in Federal Income Taxes, he pays ​ (b)   for FICA (social secuirty), and ​ (c)   for Medicare. The state tax is 3% and his local tax is 1.25%. He pays ​ (d)   in state taxes and ​ (e)   in local taxes.

• $71
• $39.25
• $9.18
• $18.99
• $7.91

Match the following:

Sylvia is married and claims 2 allowances. She makes $724 a week. She particpates in group medical insurance. Her company pays 40% of of the annual cost of $4,450. She also puts 12% into her savings each pay check.

• $51

• Medicare

• $44.89

• FICA

• $51.35

• Savings

• $86.88

• Medical

• $10.50

• FIT

Which deduction is not required?

• Social Security

• Local Taxes

• Medical Insurance

• FIT