WorksheetsCH 2 Net Pay
Total questions: 10
Worksheet time: 5mins
Name
Class
Date
1.
The Social Security Tax rate is 6.2% and is deducted from the first $62,700
a)
true
b)
false
2.
Medicare Tax is 1.45% and deducted from ALL earnings
a)
true
b)
false
3.
Group Insurance allows employees to gain medical coverage for MORE than an individual rate
a)
true
b)
false
4.
Net pay is gross pay PLUS total deductions
a)
true
b)
false
5.
Employers are required by law to withhold certain amount of pay for Federal Income Tax
a)
true
b)
false
6.
semimonthly
a)
24
b)
26
c)
12
d)
10
7.
monthly
a)
12
b)
24
c)
26
d)
10
8.
biweekly
a)
26
b)
24
c)
12
d)
10
9.
Married claims 1 allowance. Earns $285.19
a)
26
b)
33
c)
29
d)
28
10.
Married no allowances. Earns $329.00
a)
39
b)
37
c)
36
d)
34
100 %
