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Paycheck Math Test

Total questions: 10

Worksheet time: 3hrs 30mins

Name
Class
Date
1.

Amber works 45 hours each week at $26.41 per hour. Amber has 35.83% taken out for taxes and withholdings. What is her net pay per year?

a)

$39,656.68

b)

$42,145.26

c)

$56,178.12

d)

$39657.24

2.

Amari got a paycheck that has a gross pay of $2,789.33 and a net pay of $2088.35. What percent of her pay was taken out for taxes and deductions?

a)

26.14%

b)

91.28%

c)

16.47%

d)

74.87%

3.

Harrison has to pay a flat tax of 27.5% on $103,000 of income. How much does Harrison have to pay?

a)

$28,325

b)

$34,365

c)

$45,687

d)

$89,264

4.

Jasmine's insurance premium is $542 per month. If your employer pays 72%, how much is deducted from your paycheck each month?

a)

$381.21

b)

$390.24

c)

$457.29

d)

$126.10

5.

      Kam got promoted to Daily Operations Nurse. With her promotion comes a raise. She will now be making $85,000 annually. She would like to calculate her monthly net pay. She pays $753 for health insurance and $156 for vision and dental insurance combined for her family of 5. She also pays an additional $35 dollars per month for life insurance for her family through her employer. This year she decided to take advantage of the FSA and is contributing $106 a month to it. Additionally, her company offers 403(B) with a 7% match. Kam contributes 5% of her salary to the retirement account. An online calculator estimated that she will be paying $930 in federal income taxes and $174 in state income tax each paycheck. Kam must also pay Social Security (7.4%) and Medicare (2.3%).

Question: What is Kam's gross pay?

(a)  

6.

Kam got promoted to Daily Operations Nurse. With her promotion comes a raise. She will now be making $85,000 annually. She would like to calculate her monthly net pay. She pays $753 for health insurance and $156 for vision and dental insurance combined for her family of 5. She also pays an additional $35 dollars per month for life insurance for her family through her employer. This year she decided to take advantage of the FSA and is contributing $106 a month to it. Additionally, her company offers 403(B) with a 7% match. Kam contributes 5% of her salary to the retirement account. An online calculator estimated that she will be paying $930 in federal income taxes and $174 in state income tax each paycheck. Kam must also pay Social Security (7.4%) and Medicare (2.3%).

Question: What is the total of Kam's health insurance?

(a)  

7.

Kam got promoted to Daily Operations Nurse. With her promotion comes a raise. She will now be making $85,000 annually. She would like to calculate her monthly net pay. She pays $753 for health insurance and $156 for vision and dental insurance combined for her family of 5. She also pays an additional $35 dollars per month for life insurance for her family through her employer. This year she decided to take advantage of the FSA and is contributing $106 a month to it. Additionally, her company offers 403(B) with a 7% match. Kam contributes 5% of her salary to the retirement account. An online calculator estimated that she will be paying $930 in federal income taxes and $174 in state income tax each paycheck. Kam must also pay Social Security (7.4%) and Medicare (2.3%).

Question: What is the total of Kam's deductions? (Round to the nearest hundredth.)

(a)  

8.

Kam got promoted to Daily Operations Nurse. With her promotion comes a raise. She will now be making $85,000 annually. She would like to calculate her monthly net pay. She pays $753 for health insurance and $156 for vision and dental insurance combined for her family of 5. She also pays an additional $35 dollars per month for life insurance for her family through her employer. This year she decided to take advantage of the FSA and is contributing $106 a month to it. Additionally, her company offers 403(B) with a 7% match. Kam contributes 5% of her salary to the retirement account. An online calculator estimated that she will be paying $930 in federal income taxes and $174 in state income tax each paycheck. Kam must also pay Social Security (7.4%) and Medicare (2.3%).

Question: What is Kam's contribution to her retirement 403(B)?

a)

$762.98

b)

$212.14

c)

$145.61

d)

$354.17

9.

Kam got promoted to Daily Operations Nurse. With her promotion comes a raise. She will now be making $85,000 annually. She would like to calculate her monthly net pay. She pays $753 for health insurance and $156 for vision and dental insurance combined for her family of 5. She also pays an additional $35 dollars per month for life insurance for her family through her employer. This year she decided to take advantage of the FSA and is contributing $106 a month to it. Additionally, her company offers 403(B) with a 7% match. Kam contributes 5% of her salary to the retirement account. An online calculator estimated that she will be paying $930 in federal income taxes and $174 in state income tax each paycheck. Kam must also pay Social Security (7.4%) and Medicare (2.3%).

Question: What is Kam's gross pay - deductions?

(a)  

10.

Kam got promoted to Daily Operations Nurse. With her promotion comes a raise. She will now be making $85,000 annually. She would like to calculate her monthly net pay. She pays $753 for health insurance and $156 for vision and dental insurance combined for her family of 5. She also pays an additional $35 dollars per month for life insurance for her family through her employer. This year she decided to take advantage of the FSA and is contributing $106 a month to it. Additionally, her company offers 403(B) with a 7% match. Kam contributes 5% of her salary to the retirement account. An online calculator estimated that she will be paying $930 in federal income taxes and $174 in state income tax each paycheck. Kam must also pay Social Security (7.4%) and Medicare (2.3%).

Question: What is Kam's net pay?

a)

$2,967.31

b)

$5,156.24

c)

$4,024.28

d)

$2,456.87