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WorksheetsYour Take Home Pay
Total questions: 20
Worksheet time: 14mins
The amount of money a person actually earns before taxes are taken out of
the pay is called
(a)
Jerry made this list of monthly expenses.
Jerry's net income for the month is $2,135. How much money does he have for other
expenses?
$510
$1,625
$3,760
$1,510
This income is what you get to take home after taxes have been deducted from your paycheck.
Gross Income
Wages
Earnings
Net Income
Roads, police, schools, governmental agencies, fire and emergency services are funded by taxes.
True
False
Louis's dad pays a tax to the federal government each year based off the money he earns from his business. What type of tax is Louis' dad paying?
Payroll tax
Sales tax
Property tax
Income tax
Also known as your take home pay.
Salary
Gross pay
Net pay
Withholdings
These taxes come out of a person's paycheck and is meant to help people once they retire.
401k
Social security tax
Unemployment taxes
Payroll deductions
This tax form is received when you start a new job. It determines how much money gets taken out of each paycheck.
W-4
W-2
1099
1040
Federal Government programs and services are supported through?
Retirement Savings
Payroll Deductions
Federal Income Tax
State Income Tax
State government services are paid for by
Federal Income Tax
State Income Tax
Both Federal & State Income Tax
Retirement Savings
What is your GROSS pay if you make $10 per hour & worked 20 hours this week?
$100
$200
Unable to calculate based on information provided.
If your GROSS paycheck is $500. What would the amount deposited in your bank account be if you had the following deductions? $150 Taxes, $25 Social Security, $5 for dental insurance and $50 for insurance.
$350
$325
$250
None of the above.
his ______ is $320.
