Paycheck Pre-test

Your paycheck paystub lists your pay and deductions for:

• the current pay period

• the year-to-date period

• both A and B

Gross pay refers to:

• the amount you receive after your employer takes out withholdings and deductions

• the amount you receive before your employer takes out withholdings and deductions

• old and disgusting currency

Where you receive your pay by check, direct deposit or payroll card, it is listed on the paystub as:

• net pay distribution

• federal withholding

• pay rate

Tax information stated on your paycheck includes:

• your marital status (whether you are married or single)

• the number of withholding allowances (personal exemptions)

• both answer choices

An example of a voluntary deduction is:

• a parking fee

• social security

• income tax

An example of a mandatory withholding is:

• medical insurance

• 401(k) plan

• medicare

Your withholdings for taxes are determined by:

• your W-2

• your W-4

• your W-6

State income taxes are withheld:

• in all 50 states

• in most states

• in a few states

Your social security number is listed on:

• each paystub

• not listed on the paystub at all

• is listed on the first paystub

Funds for 401(k) retirement savings plans are taken from:

• pre-tax wages

• post-tax wages

• pre-tax and post-tax wages