Font size
WorksheetsChapter 2: Net pay review 1
Total questions: 16
Worksheet time: 3hrs 9mins
Yvonne's deductions: $251.18
Yvonne's net income: ?
What is the Social Security tax paid on taxable income of $2,500 if the Social Security rate is 6.2%?
$25
$155
$278
$334
What is the tax paid for Medicare if taxable income was $450 and the Medicare rate is 1.45%?
$0.45
$4.50
$6.53
$6.75
Another name for the tax paid on Social Security is ________
Gross pay: $23,760 Married, State income tax rate 6%. Calculate the State Income Tax.
$201.33
$1425.60
$945.60
$105.60
What is the federal tax owed on a taxable income of $59,475?
$8943
$5444
$9218
What is the income tax owed on a taxable income of $139,622?
$26,931
$13,962
$22,433
$1768
$1894
$1688
$43983
$39382
$41075
New Job, $2452
Same Job, $1783
New Job, $1478
Old Job, $2258
What are your total deductions, if you deductions are as follows: Federal Tax $154.53, Social Security $56.74, Medicare $14.15, and health insurance premiums $48?
$236.47
$198.47
$190.80
$273.42
Megan's gross weekly pay is $330. Each week she pays federal, social security, and medicare taxes, $14.40 for medical insurance, 22% for federal, 6.2% for social security, 1.45% for medicare, and $10 for union dues. Find her net pay.
$207.75
$208.50
$220.50
$218.60
Cassandra Matthews, a software designer, has insurance premium of $6,800 a year. Her employer pays 75%. She received her pay in 24 pay periods. Find the deduction per pay period.
$72.98
$220.50
$212.50
$70.83
Deductions from your paycheck include :
State and federal income taxes
Benefits (Health insurance & retirement)
FICA taxes
Charitable contributions
