wayground logo

Free Printable Worksheets

Font size

S
M
L
XL
Worksheets

Income & Taxes

Total questions: 13

Worksheet time: 10mins

Name
Class
Date
1.

What is a salary?

a)

getting paid hourly depending on how much you work

b)

getting paid the same amount throughout 1 year's worth of time

2.

How does a grocery store stocker get paid?

a)

Salary

b)

Wage

3.

How does a teacher get paid?

a)

Salary

b)

Wage

4.

What is a benefit of having a salary?

4 lines
5.

What is a benefit of a wage?

4 lines
6.

Everyone who receives money from an employer has a certain amount of money taken out of their earnings each pay period that is called (a)   .

7.

Which one tells you your earnings BEFORE taxes?

a)

Gross Pay

b)

Net Pay

c)

Commissions

d)

Overtime

8.

Which one is extra money you can make from working more than your scheduled or selling extra items?

a)

Gross Pay

b)

Net Pay

c)

Commissions

d)

Overtime

9.

Which one tells you your earnings AFTER taxes?

a)

Gross Pay

b)

Net Pay

c)

Commissions

d)

Overtime

10.

What is 1 thing that Federal Income Tax pays for?

4 lines
11.

What does the Social Security Tax pay for?

4 lines
12.

What does the Medicare Tax pay for?

4 lines
13.

What does the unemployment tax pay for?

4 lines