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Paycheck math

Total questions: 13

Worksheet time: 10mins

Name
Class
Date
1.

Mya's net pay is $525/week. Her gross is $700. How much money is deducted from her paycheck each week?

a)

$525

b)

$125

c)

$175

d)

Nothing

2.

Sam's deductions add up to $112 a week. If her net pay is $425 a week, what is her gross pay?

a)

$112

b)

$313

c)

$425

d)

$537

3.

Ruth earns $13.25/hour. She works 40 hours/week. $90.72 is deducted each week. What’s her net pay?

a)

$439.28

b)

$530

c)

$493.43

d)

$90.72

4.

When making a budget, what figure should you use to predict how much money you have to spend?

a)

gross pay

b)

taxes

c)

benefits

d)

net pay

5.

What percentage of Jose’s current pay goes to state income taxes?

a)

8.9%

b)

2%

c)

2.6%

d)

8%

6.

Melinda’s gross pay is $570. If the Social Security tax is 6.2%, how much will she pay in Social Security?

a)

$4

b)

$3.53

c)

$35.34

d)

$23

7.

YTD stands for

a)

Your Taco Deal

b)

Year to Date

8.

SSN stands for

a)

Social Security Number

b)

Secret Santa Necktie

9.

FICA tax includes

a)

Social Security and Medicare

b)

Federal taxes and State taxes

c)

Unemployment and Health care

10.

Both an employee and employer are responsible for paying FICA tax

a)

True

b)

False

11.

Federal taxes, state taxes and FICA tax are classified as

a)

Mandatory and standard deductions

b)

Voluntary deductions

12.

Sam receives her paycheck and sees that she has held withheld FICA SS tax of $5.25 and FICA Medicare tax of $1.50. How much will her employer also contribute to FICA?

a)

$5.25

b)

$1.50

c)

$6.75

d)

Nothing, only the employee who earns the pay is taxed

13.

Julie works 45 hours at her job that pays $10 per hour. What will be her total gross pay?

a)

$475

b)

$450

c)

$530