Common Payroll Deductions Quiz

Each of these is a common payroll deduction EXCEPT...

• Office supplies and equipment

• Federal income taxes

Kiki receives a paycheck for 15 hours of work at a rate of $20 per hour. Her paystub lists 401(k) withholdings of $40, FICA of $20, federal income taxes of $26, and a healthcare payment of $8. What is Kiki's net pay?

• $254

• $394

Tags

CCSS.7.EE.B.3

Which expenditures make up the greatest share of state spending?

• Education and health care

• Transportation and corrections

Maricela calculated that she owes $2,493 in federal taxes after all deductions and credits. Her W-2 states that $2,670 was withheld in federal tax. This means that Maricela...

• Will receive a refund of $177

• Will pay $177 less in taxes next year since she overpaid this year

Tags

CCSS.6.NS.B.3

Which statement best describes the difference between being paid a wage versus being paid a salary?

• A wage is an hourly rate below $20 per hour, while a salary is an hourly rate above $20 per hour

• A wage is paid based on how many hours you work, while a salary is a fixed amount paid regardless of the number of hours

Tags

CCSS.RL.5.3

CCSS.RL.6.3

CCSS.RL.7.3

CCSS.RL.8.3

CCSS.RL.9-10.3

Which of the following is true about state taxes?

• The federal government determines state tax rates

• Sales tax rates are the same in all states, but income tax rates are different

Payroll taxes are different from income taxes in all of the following ways, EXCEPT...

• Payroll taxes are regressive, while income taxes are progressive

• Payroll taxes scale upward with income, while income taxes are a flat rate across all earning levels

All of the following are reasons that you might receive a 1099 statement EXCEPT...

• Working as a full-time employee for a business

• Receiving unemployment benefits

Tags

CCSS.RI.6.7

CCSS.RI.7.7

CCSS.RL.6.7

CCSS.RL.7.7

CCSS.RL.8.7

Georgia completed her taxes and found that she owes $1,941 in federal taxes. If her taxable income for the year was $16,175, what is her effective tax rate?

• 12%

• 18%

Tags

CCSS.6.RP.A.3C

Given that f(x) = -4x + 7, which of the following ordered pairs represents f(2)?

• (2, -1)

• (2, 1)

Tags

CCSS.HSF.IF.A.2