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

Understanding Your Pay Stub: A Detailed Guide

Interactive Video
•
Social Studies
•
11th - 12th Grade
•
Hard
Anthony Renlund
FREE Resource
10 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
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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