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Worksheetspayroll
Total questions: 17
Worksheet time: 13mins
Select the three taxes that are taken out of every paycheck.
State Taxes
FICA Taxes
Federal Taxes
Retirement Fund
The amount of income tax withheld is based upon (choose two)
marital status
age
your type of job
number of withholding allowances
You are a salary employee and make $61,618.00 a year. You get paid monthly. Calculate your gross pay for a single paycheck.
$1,184.96
$2,369.92
$2,567.41
$5,134.83
Your wages are $14.00 an hour and you worked 51 hours last week. How much will you make in overtime pay?
$714.00
$154
$21
$231
What does FICA stand for?
Financial Insurance Contributions Act
Financial Insurance Community Act
Federal Income Contributions Act
Federal Insurance Contributions Act
An employee's total earnings is known as net pay.
True
False
Gross income
Individual earnings after taxes, garnishments and contributions
An individual's income before taxes and adjustments
What form must be provided yearly by your employer to each employee showing the total salary earned and the taxes withheld?
W2
W3
W6
W5
Net pay
is also known as take-home pay.
is more than gross pay.
depends on how much the employee wants to pay in Social Security taxes
is gross pay minus 7.65%.
If you make $18.49, what will be your overtime rate?
$9.24
$27.74
$36.98
$24.24
To which federal agency could an employee report about hazardous working conditions?
FDA
OSHA
DMV
USDA
Reflects the amounts that are automatically deposited into the bank accounts specified by the employee
Deductions
Wages
Direct deposit
Gross pay
Payroll and income taxes are withheld from employees’ pay by their (a) .
Wages, salary and commission are examples of what type of income?
Earned
Portfolio
Passive
The Fair Labor Standards Act provides which to employees who work over 40 hours per week?
1 1/2 x regular rate
2 x regular rate
same as regular rate
2 1/2 x regular rate
Monetary subtractions from the employee's gross pay
Salary
Wages
Deductions
Gross pay
Total amount of money earned for the entire year up to the current pay period
Year to Day
Year to Date
Year to Time
Year to Cost
