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WorksheetsBudget or Bust - Paycheck Questions
Total questions: 10
Worksheet time: 20mins
The GROSS amount of the bonus is the last number listed.
True
False
The form a new employee fills out to tell their employer how much tax to withhold is called a:
W-2
1099
W-4
I-9
This document is generated by your employer at the end of the year so you can complete your annual tax return.
W-2
Pay Stub
W-4
YTD
Every state in the country has a state income tax.
True
False
The amount you get paid per hour or other unit of time is called the:
Rebate
Rate
Hour
Time Card
FICA and Medicaid are taxes required to be taken out by your employer for all wages earned.
True
False
If you get paid weekly, how many checks will you receive in one year?
24
26
52
56
What does the NET amount of your Bonus check represent?
The hourly rate times number of hours worked.
The total amount of taxes and other deductions.
The amount you set aside for vacation.
The take-home pay after all other deductions.
What amount do you need to record in your check register if you deposit the entire amount of your check?
The total amount of deductions including taxes.
The GROSS amount.
The NET amount.
The amount of Federal Tax withheld.
You should ALWAYS look at your paycheck to ensure you are getting paid correctly and the proper deductions are taken.
True
False
