Paychecks

HOW MUCH DOES SHE A MONTH?

• SIX THOUSAND CORDOBAS A MONTH

• EIGHT THOUSAND CORDOBAS A MONTH

• NINE THOUSAND CORDOBAS A MONTH

• FIVE THOUSAND CORDOBAS A MONTH

The net amount of income received after the deduction of taxes, benefits, and voluntary contributions from a paycheck.

• Capital

• Net pay

• Territory

• Gross pay

The total amount an employee is paid for the hours in attendance at work may be made in cash or by a...

• Administration

• Contribution

• Paycheck

• Survivor

What was the net (or take-home) pay for this employee for this pay period?

• $335.10

• $400.00

• $2,680.80

• $3,200

The amount of money you take home is called your

• Net Pay

• Gross Pay

• Total Pay

• Available Pay

What does the term "withholding" mean in reference to your paycheck?

• How much you are going to owe the government when you file your annual tax return

• The amount of your paycheck that you are NOT being taxed on

• How much you earn and includes salary, bonus and commissions

• How much is being taken out of your paycheck for things like taxes, employer sponsored health insurance, and retirement

The document that details an employee's earnings and deductions for a specific pay period is called a...

• A) Paycheck stub

• B) Invoice

• C) Receipt

• D) Ledger

Which term refers to the total amount of money earned before any deductions are made?

• A) Net income

• B) Gross income

• C) Disposable income

• D) Taxable income

What is the term for the money that is withheld from an employee's paycheck for taxes and other deductions?

• A) Net pay

• B) Gross pay

• C) Withholding

• D) Allowance

In the context of paychecks, what does the acronym FICA stand for?

• A) Federal Insurance Contributions Act

• B) Federal Income and Contributions Act

• C) Federal Insurance and Compensation Act

• D) Federal Income and Compensation Act