Net Income Vocabulary Quiz
Authored by Amy Smock
Business
12th Grade
Used 13+ times
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9 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The amount of money you actually receive in your paycheck after deductions, also called take-home pay.
Group Insurance
Earnings Statement
Gross Pay
Net Pay
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The amount of money you earn before deductions are taken out.
Group Insurance
Earnings Statement
Gross Pay
Net Pay
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A document which shows how much a person or a company earned during a set period.
Group Insurance
Earnings Statement
Gross Pay
Net Pay
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Insurance offered by many businesses to employees, paid in part by the business and in part by deductions from employee's paychecks.
Group Insurance
Earnings Statement
Gross Pay
Net Pay
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Money withheld by an employer from an employee's paycheck to pay state government taxes.
State Income Tax (SIT)
Federal Income Tax (FIT)
Personal Exemptions
Medicare
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Money withheld by an employer from an employee's paycheck to pay federal government taxes.
State Income Tax (SIT)
Federal Income Tax (FIT)
Personal Exemptions
Medicare
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The number of people an employee supports, on which taxes are based, also called allowances
State Income Tax (SIT)
Federal Income Tax (FIT)
Personal Exemptions
Medicare
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