
Understanding Your Paycheck Review
Authored by Jamie Meyer
Other
9th Grade
Used 58+ times

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34 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 3 pts
If an employee works 40 hours a week at a rate of $15 per hour, what is their gross pay for the week?
$450
$600
$750
$1200
2.
MULTIPLE CHOICE QUESTION
30 sec • 3 pts
Which of the following is NOT a common deduction from a paycheck?
Federal income tax
State income tax
Health insurance premium
Gross pay
3.
MULTIPLE CHOICE QUESTION
30 sec • 3 pts
Net pay is calculated by subtracting what from your gross pay?
Bonuses
Deductions
Overtime
Hours worked
4.
MULTIPLE CHOICE QUESTION
30 sec • 3 pts
If an employee earns $20 per hour and works 50 hours in a week, with overtime pay being 1.5 times the regular rate for hours worked over 40, what is their total pay for the week?
$1000
$1100
$1200
$1300
5.
MULTIPLE CHOICE QUESTION
30 sec • 3 pts
What form is used by employees to determine the amount of taxes to be withheld from their paycheck?
W-2
W-4
1040
1099
6.
MULTIPLE CHOICE QUESTION
30 sec • 3 pts
What form do employers provide to their employees, summarizing the employee's income and taxes withheld for the year?
W-2
W-4
1040
1099
7.
MULTIPLE CHOICE QUESTION
30 sec • 3 pts
$600
$1000
$400
$800
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