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Unit 2: Net Pay Test

Total questions: 16

Worksheet time: 31mins

Name
Class
Date
1.
Net income is:
a)
the total amount of money you earn before deductions.
b)
the amount of money you receive AFTER deductions are subtracted from your gross income
c)
a debt or money that is owed to someone.
d)
the hourly rate of pay
2.
Gross income minus deductions equal your net income.
If Amorelle made $384 in gross income and her deductions are $122, what is her net income?
a)
$506
b)
$406
c)
$262
d)
$266
3.
Dayanara's gross income was $550.  What was her net income if her deductions were $110 for payroll taxes and $22.50 for health insurance?
a)
$132.50
b)
$417.50
c)
$440.00
d)
$638.50
4.
Yvonne's gross income:  $703
Yvonne's deductions:  $251.18
Yvonne's net income:  ?
a)
$451.82
b)
$551.82
c)
$954.18
d)
$25,812.00
5.

Joe John made $475.00 at Sportsman's Warehouse. He had $29.45 taken out for FICA. As a percentage, this represents how much of his gross wage?

a)

it varies

b)

1.45%

c)

6.2%

d)

7.65%

6.

Bobo makes $2,321 a week. He files married. How much will be taken out for federal tax?


FED: $174.70 + 22% in excess of $1745.00

a)

$192.32

b)

$201.56

c)

$301.42

7.

Gross pay: $23,760 Married. State income tax rate 6%. Calculate the State Income Tax.

a)

$2013.38

b)

$1425.60

c)

$1945.60

d)

$1105.60

8.

What is the income tax owed on a taxable income of $139,622?

a)

$26,931

b)

$13,962

c)

$22,433

9.

Social security is also called

a)
FICA 
b)
State 
c)
Federal 
d)
401K
10.
The total amount you earn BEFORE any deductions are subtracted is called __________ pay.
a)
Bonus
b)
Gross
c)
Incentive
d)
Net
11.
If you earn $12.25 per hour, you work 18 hours, your total deductions are $46.50, your net pay is ___.
a)
220.25
b)
220.5
c)
174
d)
267
12.

Marco has the following deductions listed.

Federal Income tax: $44

Social Security tax: $23

Medicare tax: $5

Health Insurance: $24

What is the total amount of his deductions?

a)

$39

b)

$67

c)

$91

d)

$96

13.
If she has a GROSS PAY of $896.50, and she has 30% withheld for taxes, social security, and retirement plus $15 for insurance, how much is her TAKE HOME PAY for the week?
a)
$612.55
b)
$850.00
c)
$650.00
d)
500.00
14.

Cassandra has an insurance premium of $6800 a year.  Her employer pays 75%. She receives her pay in 24 pay periods. What is her deduction per pay period?

Hint : If her employee pays 75% of the premium, how much (as a percent) is Cassandra responsible for? Then multiply by the premium amount.

a)
$5100
b)
$212.75
c)
$1700
d)
$70.83
15.
a)

$43983

b)

$39382

c)

$41075

16.
a)

New Job, $2452

b)

Same Job, $1783

c)

New Job, $1478

d)

Old Job, $2258