Paystub and Taxes Quiz

The nation's healthcare program for the elderly and disabled

• Medical

• Medicare

• Social Security

• Allowance

The nation's retirement program for the elderly and disabled

• Medical

• Medicare

• Social Security

• Allowance

Used to determine the amount of federal taxes withheld from the paycheck

• Medical

• Medicare

• Social Security

• Allowance

A person who relies on the tax payer for financial support

• Dependent

• Independent

• Year-to-date

• Taxes

Compulsory charges imposed on citizens by local, state, and federal governments.

• Dependent

• Independent

• Year-to-date

• Taxes

Totals of all deductions from January 1st to the day of the pay period

• Dependent

• Independent

• Year-to-date

• Taxes

Total amount of money earned during the pay period before deductions

• Gross Pay

• Direct deposit

• Net Pay

• Taxes

Employer put net pay directly into employee's bank account

• Gross Pay

• Direct deposit

• Net Pay

• Taxes

Medicare and social security are mandatory spending funded by which type of taxes

• Federal tax

• State tax

• FICA

• Payroll

The federal income taxes that are withheld from your paycheck are used to pay for what

• Deductions

• Allowances

• Discretionary spending

• Mandatory spending