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WorksheetsFinAlgB: U5, MC2 - W2’s and 1099’s
Total questions: 12
Worksheet time: 6mins
What are the three taxes that everyone must pay from their paycheck?
Federal income tax, state income tax and county tax
Federal income tax, sales tax and Medicaid tax
Federal income tax, Social Security tax, Medicare tax
State income tax, Social Security tax and Sales tax
Which type of form does your employer send you in January?
1040EZ
W-3
W-4
W-2
Martina earns $4,000 per month. Each month, she pays $680 in federal income tax, $160 in state income tax, and $79 in other taxes. What is Martina’s take-home pay after taxes each month?
$3,160
$3,081
$3,761
$2,981
Which area on the image represents the amount of money that would go into this person's bank account on pay day?
B
G
H
J
What was the TOTAL amount deducted from Hope's latest paycheck?
$90.00
$284.79
$315.21
$600.00
This form will be sent to Lily by the end of January. Why will she use this form?
receive her paycheck
receive unemployment
file her income taxes
What were Lily’s gross wages for this period?
$1,722.44
$2,480.17
$14,450
$16,172.44
What was the total amount deducted from Lily’s pay for Federal, State, and Local income tax?
$1,314.59
$1,547.24
$1,781.33
$2,886.75
What would be the amount for Medicare Tax Withheld in box 6 based on the percent that is always withheld for medicare? ________________
$786.48
$876.67
$823.45
$750.78
Using $54,240 for Social Security wages, what would be the Social Security tax withheld?________________
$3,362.88
$1,989.67
$4,546.54
$3897.56
