WorksheetsGross vs Net Pay
Total questions: 10
Worksheet time: 8mins
A deduction is
gross income
money added to your income
net income
money taken out of your income
Gross income is:
the total amount of money you earn
the amount of money you receive after decuctions are subtracted
the total amount of money you spend
sales taxes on items you buy
Net Pay is...
pay you get after deductions
pay you get before deductions
gross pay
regular pay + overtime pay
Which tends to be a 'larger' amount of money? Gross or Net Pay?
Gross Pay
Net Pay
Which of these is not an additional payment contributing to gross pay?
Overtime
Allowances
Bonuses
Income Tax
Which of these is NOT a typical deduction from gross pay?
National Insurance
Pension Contributions
Student Loan Repayments
Income Tax
Gas and Electricity Bills
Which of these do employers NOT contribute towards?
Net Pay
National Insurance Payments
Income Tax Payments
Pension Contributions
