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Soc Security & Federal % Review

Total questions: 12

Worksheet time: 17mins

Name
Class
Date
1.

Year to date earnings: $115,000

Current Paycheck: $3,000

What is social security tax this paycheck?

a)

$0

b)

$43.50

c)

$186

d)

$93

2.

Year to date earnings: $195,000

Current Paycheck: $3,000

What is social security tax this paycheck?

a)

$0

b)

$86

c)

$186

d)

$43.50

3.

Year to date earnings: $169,600

Current Paycheck: $3,000

What is social security tax this paycheck?

a)

$62

b)

$124

c)

$186

d)

$0

4.

Year to date earnings: $170,230

Current Paycheck: $5,493

What is social security tax this paycheck?

a)

$133.80

b)

$340.57

c)

$0

d)

$239.51

5.

Earn commission of 2% on first $10,000 of sales, and 5% on everything after. Sales are $24,340, what is your total commission?

a)

$0

b)

$1217

c)

$486.80

d)

$917

6.

You earn $13/hour, and work 48 hours this week. What is your pay?

a)

$672

b)

$676

c)

$624

d)

$936

7.

Bracket Method: Weekly, married, UNCHECKED/STANDARD, $1,800 pay. What is federal tax? (round to nearest dollar, no dollar sign)

(a)  

8.

Bracket Method: Bi-Weekly, single, STANDARD/UNCHECKED, $1,400 pay. What is federal tax? (round to nearest dollar, no dollar sign)

(a)  

9.

% Method: Semi-monthly, single, UNCHECKED/STANDARD, $2,400 pay. What is federal tax? (round to nearest dollar)

(a)  

10.

% Method: Weekly, single, UNCHECKED/STANDARD, $2,300 pay. What is federal tax? (round to nearest dollar, no dollar sign)

(a)  

11.

What is the Illinois state income tax percentage no matter what with no limit?

(a)  

12.

What is the medicare tax percentage no matter what with no limit?

(a)