Net Pay Review

Net income is:

• total amount of money you earn BEFORE deductions

• amount of money you receive AFTER deductions are subtracted from your gross income

• a debt or money that is owed to someone

• the hourly rate of pay

Tags

CCSS.7.RP.A.3

Gross income minus deductions equal your net income.

If Amy made $611 in gross income and her deductions are $105, what is her net income?

• $506

• $406

• $262

• $266

Tags

CCSS.3.OA.D.8

Dani's gross income was $650. What was her new income if her deductions were $90 for payroll taxes and $24 for health insurance?

• $132.50

• $417.50

• $440.00

• $536.00

Tags

CCSS.6.NS.B.3

Bill's Gross Income: $800

Bill's Deductions: $250

Bill's Net Income: ?

• $550.00

• $551.82

• $954.18

• $25,812.00

Tags

CCSS.6.NS.B.3

Social security and medicare fall under

• FICA

• State

• Federal

• 401K

The total amount you earn BEFORE and deductions are subtracted is called ____ pay.

• Bonus

• Incentive

• Gross

• Net

Tags

CCSS.6.NS.B.3

If you earn $14.50 per hour, you work 24 hours, your total deductions are $46, what is your net income?

• $220.25

• $220.50

• $302.00

• $267.00

Tags

CCSS.7.EE.B.3

_____ is time worked over the regular 40 hour work week.

• Flextime

• Bonus

• Wage

• Overtime

Tags

CCSS.6.RP.A.3B

Some deductions and withholdings are required by law, but others are optional.

• True

• False

Tags

CCSS.RI.11-12.7

CCSS.RI.8.7

CCSS.RI.9-10.7

CCSS.RL.11-12.7

CCSS.RL.9-10.7

Which of the following is not a required deduction?

• Federal Income Tax

• Savings Deductions

• Medicare

• Social Security