SC Consumer ED Unit 2 Test Review

Match the following

• 24

• Semi-monthly

• 12

• Monthly

• 26

• Bi-Weekly

• 1

• Weekly

• 52

• Annual

If Maria earns a yearly salary of $48,000, what is her weekly pay?

David has an annual salary of $72,000. What is his bi-weekly pay?

Sarah's yearly salary is $54,000. How much does she earn semi-monthly?

If Emma makes $90,000 a year, what is her monthly salary?

If Brian has a yearly salary of $45,000 and is single with one dependent, CALCULATE HIS TOTAL TAXABLE INCOME.

SUBTRACT STANDARD DEDUCTIONS FROM GROSS INCOME

The table has been completed for you. Now calculate the taxes owed for each blank. Find the correct answer and label.

a

b

$952.50

$2,565.00

$2,661.00

$892.50

If Brian has a yearly salary of $45,000.00 and is single with one dependent, how much will his taxable wages be?

Annual Gross - Personal Exemptions = Taxable Wages

If Brian has $42,100.00 in taxable wages, what will his state income tax be? Brian currently lives in Illinois which has a tax rate of 4.95%

If Brian has a yearly salary of $45,000, how much does he pay for social security(6.2%)?