Net Pay/Federal Income Tax

Net pay is ...

• income before deductions

• income after deductions

• income you take home

• income with holdings

What does FICA stands for?

• For Insurance Contributing Animals

• Formal Initiative Costing Association

• Federal Insurance Contributions Act

• None of the above

What is the employer name?

• John Smith
• John S. Ltd
• John
•  John Ltd.

What is the length of the pay period?

• two weeks
• one week 
• a month
• three weeks 

Taxes are deducted from all employees paychecks

• true
• false

On a pay stub, this indicates the total amount of money received by an employee after all deductions are taken out.

• Net Pay
• Gross Pay
• Total Pay
• Grand Pay

Money paid to the government

• Paystub

• Current

• Taxes

• Net Pay

Money taken out of a paycheck to cover expenses including taxes and health insurance

• Deductions

• Taxes

• Paystub

• Net Pay

How many hours were worked this pay period?

• 28
• 40
• 80
• 50

What is the gross amount for the year?

• 6,590.59
• 22,400
• 15,809.41
• 2,240