Net Pay

________________________ is what you earned BEFORE deductions.

• Bonus Pay

• Gross Pay

• Net Pay

• Overtime Pay

Tags

CCSS.6.NS.B.3

________________________ is what you earned AFTER deductions.

• Bonus Pay

• Gross Pay

• Net Pay

• Overtime Pay

Tags

CCSS.6.NS.B.3

Which of the below is NOT a deduction?

• Federal income Tax

• State Income Tax

• Social Security Tax

• Capital Gains Tax

Tags

CCSS.6.RP.A.3B

What is the rate for Social Security?

• 1.45%

• 6.2%

• 7.45%

• 10%

Tags

CCSS.7.RP.A.3

What is the rate for Medicare?

• 1.45%

• 6.2%

• 7.45%

• 10%

Tags

CCSS.7.RP.A.3

Which statement below is TRUE?

• Social Security is deducted with EVERY paycheck.

• EVERY State collect State Income Tax.

• People who get paid monthly do not have taxes deducted from their gross pay.

• Medicare is deducted with EVERY paycheck.

The acronym "FICA" stands for...

• ...First In Counting Aloud

• ...Federal Investigators Cannot Argue

• ...Federal Insurance Contributions Act

• ...Financial Insurance Collective Agency

Tags

CCSS.RI.11-12.3

CCSS.RI.11-12.5

CCSS.RI.8.5

CCSS.RI.9-10.3

CCSS.RI.9-10.5

After exemptions, a person's annual gross pay is $54,800. If the state income tax rate is 5%, what is the annual deduction for state income tax?

• $5

• $105.38

• $2,740

• $5,480

Tags

CCSS.7.RP.A.3

A person's weekly gross pay is $1,500. The deductions are: Federal income tax is $120, State Income Tax is $60.25, Social Security tax is $93, Medicare is $21.75, and Health Insurance is $55. What is the person's net pay?

• $1,350

• $1,295

• $1,195

• $1,150

Tags

CCSS.6.NS.B.3

A nurse’s aide has earned $21,670 so far this year. She earned $1,970 this month. How much is deducted this month for Social Security?

• $122.14

• $1,343.54

• $12,214

• $134,354

Tags

CCSS.4.OA.A.3