Understanding Deductions and Gross Pay

Understanding Deductions and Gross Pay

6th Grade

5 Qs

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Understanding Deductions and Gross Pay

Understanding Deductions and Gross Pay

Assessment

Quiz

Financial Education

6th Grade

Practice Problem

Hard

Created by

Fallon Parker

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5 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is gross pay?

The amount of money you take home after all deductions.

The total amount of money earned before any deductions.

The amount of money you pay in taxes.

The amount of money you save each month.

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is a type of deduction from your paycheck?

Gross pay

Net pay

Health insurance

Overtime pay

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

$800

$1000

$200

$1200

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is NOT a deduction from your paycheck?

Federal taxes

State taxes

Savings account deposit

Social Security

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How do deductions impact your net income?

They increase your net income.

They decrease your net income.

They have no effect on your net income.

They double your net income.