Understanding Your Pay Stub: A Detailed Guide

Understanding Your Pay Stub: A Detailed Guide

11th - 12th Grade

10 Qs

quiz-placeholder

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Understanding Your Pay Stub: A Detailed Guide

Understanding Your Pay Stub: A Detailed Guide

Assessment

Interactive Video

Social Studies

11th - 12th Grade

Hard

Created by

Anthony Renlund

FREE Resource

10 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the purpose of the deductions listed on a pay stub?

To fund employee benefits like health insurance

To contribute to federal and state taxes, Social Security, and Medicare

To cover transportation and meal costs

To increase the net income of the employee

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What does the gross pay on your pay stub represent?

The bonuses received during the pay period

Only the overtime pay

The total amount earned before any deductions

The amount after taxes and other deductions

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What does the W-4 form influence in your paycheck?

The total gross pay

The amount of federal income tax withheld

The frequency of your pay period

The number of benefits you receive

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which form allows you to adjust the federal tax withheld from your paycheck?

W-4 form

W-2 form

SS-5 form

Form 1040

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How can state income tax vary?

Based on performance evaluations

Based on your job title

Based on the state you live and work in

Based on the number of hours worked

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

In which cases might you have multiple state tax withholdings?

If you are part-time

If you work in multiple states

If you work overtime

If you receive bonuses

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What percentage of your gross income is contributed to Social Security?

10%

4.5%

6.2%

1.45%

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