
Chapter 8 Lesson 2 Activity
Authored by Tuoya Deach
Financial Education
9th - 12th Grade

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13 questions
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1.
OPEN ENDED QUESTION
3 mins • 1 pt
What is the employee's gross pay?
Evaluate responses using AI:
OFF
Answer explanation
What is the employee's gross pay?
$15/hour * 8=$120 is the earnings from holiday
$15/hour * 8 =$120 is the earnings from vacation
$15/hour * 64 hours= $960 is the regular earnings
The total earnings is 120+120+960=$1200 which is the gross income (before tax or any deductions)
2.
OPEN ENDED QUESTION
3 mins • 1 pt
How much local tax is deducted from the paycheck?
Evaluate responses using AI:
OFF
Answer explanation
How much local tax is deducted from the paycheck?
Look at the left upper corner on the pay stub, the city name is "ANYCITY", that's why at the bottom row of the category of Taxes, it is listed as "AC" with $23.13. Because "AC" is the abbreviation of Anycity, which is the local city's name. (Not every city would charge city tax, depends on the city & state)
3.
OPEN ENDED QUESTION
3 mins • 1 pt
How much state tax is deducted from the paycheck?
Evaluate responses using AI:
OFF
Answer explanation
How much state tax is deducted from the paycheck?
From the left upper corner, you will see AR as the state name. That's why there is one row listed as "AR" under the category of Taxes.
4.
OPEN ENDED QUESTION
3 mins • 1 pt
How much federal tax is deducted from the paycheck?
Evaluate responses using AI:
OFF
Answer explanation
How much federal tax is deducted from the paycheck?
$157.39
5.
OPEN ENDED QUESTION
3 mins • 1 pt
How much did the employee contribute to FICA?
Evaluate responses using AI:
OFF
Answer explanation
How much did the employee contribute to FICA?
$76.98
6.
OPEN ENDED QUESTION
3 mins • 1 pt
How much did the employee contribute to Medicare?
Evaluate responses using AI:
OFF
Answer explanation
How much did the employee contribute to Medicare?
$14.67
7.
OPEN ENDED QUESTION
3 mins • 1 pt
How much did the employee pay for other (nontax) deductions?
Evaluate responses using AI:
OFF
Answer explanation
How much did the employee pay for other (nontax) deductions?
$91.75
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