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Gross Pay & Net Pay Assignment

Total questions: 15

Worksheet time: 1hrs 15mins

Name
Class
Date
1.

Job A pays $14.57 per hour. Job B pays $11.99 per hour, but has health benefits. Health insurance will cost $5160 per year if its not a job benefit. If you expect to work 2000 hours during the year, and ignoring taxes, which job should you take to have more spending cash?

a)

Job B

b)

Job A

c)

They net the same.

d)

Cannot determine

2.

Carl makes $24.60 per hour. He works 11 hours every day. Calculate the gross pay per week.

a)

$270.60

b)

$1894.20

c)

$2706

d)

$14071.20

3.

Ann needs $1842 each month for bills and rent, and $194 each week for weekly expenses. Assuming taxes and withholdings will be 36.08%, how much does she need to gross yearly?

a)

$89223.95

b)

$20577.13

c)

$32192.00

d)

$50362.96

4.

Amy has a gross pay of $1296 and a net pay of $803.35. What percent of pay was taken out for taxes and other deductions?

a)

60.13%

b)

39.87%

c)

37.5%

d)

62.45%

5.

Rachel works 41 hours each week at $26.83 per hour. She has 40.38% taken out for taxes and withholdings. What is the net pay per week?

a)

$34103.57

b)

$655.84

c)

$444.19

d)

$23097.99

6.

Harry needs $1564 each month for bills and rent, and $183 each week for weekly expenses. How much doe he need to net yearly?

a)

$30031

b)

$31046

c)

$28284

d)

$25705

7.

Ruth nets $490 per week. How much does Ruth earn per month on average? To be safe, how much should Ruth estimate as income in atypical month?

a)

Avg: $1061.67; Safe $980

b)

Avg: $1960; Safe $1601.67

c)

Avg: $2123.33; Safe $1061.67

d)

Avg: $2123.33; Safe $1960

8.

Ralph earns $51000 after deductions and had $9034 taken out for tax withholdings during the year. According to the tax table, Ralph only owed $8679. How much wil Ralph get in a refund?

a)

$355

b)

$9034

c)

$365.65

d)

$337.25

9.

Job A pays $18.49 per hour. Job B pays $18.04 per hour, but has health benefits. You will need to buy health insurance for $4890 per year if it's not a job benefit. If you expect to work 2000 hours during the year, and ignoring taxes, which job should you take to have more spending cash?

a)

They net the same

b)

Job B

c)

Job A

d)

Cannot determine

10.

Joe makes $29.47 per hour. Joe works 5 hours a day during the week and 11 hours a day on the weekend. How much does Joe gross each year?

a)

$1620.85

b)

$72024.68

c)

$11345.95

d)

$7662.20

11.

Hal needs $1645 each month for his bills and rent, and $167 each week for weekly expenses. Assuming the taxes and withholdings will be 38.93%, how much does Hal need to gross yearly?

a)

$46562.97

b)

$73043.93

c)

$17365.87

d)

$28436.00

12.

Jack got a paycheck that has a gross pay of $1027 and a net pay of $613.84. What percent of pay was taken out for taxes and other deductions?

a)

59.77%

b)

40.23%

c)

32.69%

d)

67.31%

13.

John earns $1035.87 per week. He has 7.65% taken out for withholdings, 3.67% taken out for state taxes and 25.4% taken out for federal taxes. What is the net pay per year?

a)

$850510.59

b)

$16355.97

c)

$28186.44

d)

$34085.93

14.

Jade needs $3805 each month for bills and rent, and $109 each week for weekly expenses. How much does Jade need to net yearly?

a)

$36845

b)

$48640

c)

$51328

d)

$45882

15.

Alex nets $1020 every other week. How much does Alex earn per month on average? To be safe, how much should Erin estimate as income in a typical month?

a)

Avg: $4420; Save $4080

b)

Avg: $4420; safe $2040

c)

Avg: $2210; safe: $2040

d)

Avg: $4420; safe $2210