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WorksheetsPractice for Paycheck Net Pay Test
Total questions: 65
Worksheet time: 3hrs 33mins
What is gross pay?
Total amount earned before deductions or taxes
Total amount earned after retirement contributions
Total amount earned per hour
Total amount earned after deductions or taxes
How do you calculate net pay?
Subtract deductions from gross pay.
Divide deductions by gross pay.
Multiply deductions by gross pay.
Add deductions to gross pay.
What is social security deduction?
A deduction from an employee's paycheck to fund retirement savings.
A payroll tax deducted from an employee's paycheck to fund the Social Security program.
A deduction from an employee's paycheck to fund unemployment benefits.
A tax deducted from an employee's paycheck to fund healthcare programs.
What is health insurance deduction?
A tax credit for purchasing health insurance
A penalty for not having health insurance
A deduction that subtracts the cost of their health insurance premiums from their gross pay.
A discount on health insurance premiums
What is the formula to calculate gross pay?
Gross Pay = Hours Worked + Hourly Rate
Gross Pay = Hours Worked * Hourly Rate
Gross Pay = Hours Worked / Hourly Rate
Gross Pay = Hours Worked - Hourly Rate
What are some common types of deductions from a paycheck?
IRA retirement
income taxes, FICA, medical insurance premiums, 401K retirement plans
medical expenses
charitable deductions
What is the formula to calculate net pay?
Gross pay - Deductions
Gross pay / Deductions
Gross pay x Deductions
Gross pay + Deductions
Outline deductions
Salary
Pay Stub
Paycheck
Payroll
Physical paper in the amount of money earned
Commission
Direct Deposit
Paper Paycheck
Pay Stub
Schedule which employer pays
W-4
Pay Date
Pay Stub
Pay Period
Federal government program that supports health care for individuals over 65
Social Security
Salary
Medicare
Income Insurance
Mr. Johnson received $1,750 on his paycheck for two weeks. He got $275 taken out of his check for taxes and $125 for his health insurance. The amount he had left is defined as his –
Gross income
Net income
Income tax
Property tax
his ______ is $320.
What does FICA stands for?
For Insurance Contributing Animals
Formal Initiative Costing Association
Federal Insurance Contributions Act
None of the above
Money taken out of paycheck to cover expenses including taxes and health insurance
Deductions
Taxes
Paystub
Net Pay
The date range you are being paid for
Pay Period
Paystub
Rate
YTD
A 401(k) refers to:
Additional current income
Taxes
Insurance
A retirement plan
YTD stands for:
Year to Date
Year Tax Date
Yearly Tax Date
Your Total Deductions
How much is their gross pay?
1950
488.74
1002
501
The ___________ will explain how much you earned, the time period you are being paid for, how much you paid in taxes, and what deductions have been made.
Net Pay
Gross Pay
Paystub
FICA-Social Security
Health Insurance is an example of a common paycheck deduction.
True
False
Which is NOT an example of a common paycheck deduction?
FICA-Social Security
Health Insurance
State Disability Insurance (SDI)
Savings
The FICA-Social Security tax rate is 6.2% of your taxable income.
True
False
Year to Date (YTD) refers to the period from the beginning of the year until present.
True
False
The RATE that is shown on your paystub is _________.
The period of time in which the employee worked and is paid for
The total amount of deductions from your pay
How much you are paid per hour
How many hours the employee worked
It is common for employees to pay a percentage of their health insurance and their employer pays the rest.
True
False
If you work 38 hours one week, and get paid $570 before taxes, how much do you make per hour?
(a)
If you worked from 8:30 am to 12:00 pm, took a break, and came back at 1:00 pm and left for the day at 4:30 pm, how many hours did you work?
5.5 hours
7 hours
6.5 hours
9 hours
If you make $10 per hour, how much would you get paid per hour for overtime?
If you work 45 hours, how many hours are overtime?
(a)
Annual means
Weekly
Monthly
Yearly
_ is circled in purple
(a)
What is the net pay?
(a)
Glenn's gross pay is $1,453.65. He pays $15.75 to Medicare, $22.10 to federal taxes, $11.08 to state taxes, and $25 to his HSA. What is his net pay?
$987.45
$1,254.87
$1,379.72
$1,297.72
_ is circled in red.
(a)
What are the total amount of deductions for this pay period?
$542.88
$10.44
$188.14
$92.40
_ is circled in yellow.
(a)
_ is circled in brown.
(a)
Darla's gross pay is $2,156.45. Her deductions are: $22.15 for health insurance, $18.50 for dental insurance, $20.75 for federal taxes, $16.77 for state taxes, and $12.15 for Medicare. What are her total deductions?
$66,75
$2,066.13
$90.32
$2,054.33
sara got a paycheck that has a gross payof $1437 and a anet pay of $966.53. What percent of pay was taken out ofr taxes and other deductions?
48.68%
32.74%
51.32%
67.26%
Annie needs $3751 each monthe for bills and rent, and $28 per week for weekly expenses. Assuming taxes and withholdings will be 30.89%, how much does Annie need to gross yearly?
$150,430.57
$46,468.00
$67,237.74
$32,114.04
Lisa works as amechanic and makes $19.53 per hour. Lisa works 4 hours every day. Calculate the gross pay per week.
$781.20
$546.84
$78.12
$4,062.24
Rachel works as a police officer and makes $23.97 er hour. Rachel works 43 hours each week. Calculate the gross pay per year.
$10,307.10
$7,214.97
$53,596.92
$1,030.71
Floyd needs $2506 each month for bills and rent, and $98 each week for weekly expenses. Assuming taxes and withholdings will be 31.95%, how much does Floyd need to gross yearly?
$110,071.99
$35,168.00
$51,679.65
$23,931.83
Hanna earns $783.10 per week. Hanna has 7.65% taken out for withholdings, 4.98% taken out for state taxes, and 23% taken out for federal taxes. What is the net pay per week?
$14,508.96
$279.02
$504.08
$26,212.24
Annie needs $29,000 every year and earns $24.33 per hour. If the government takes out 32.76%, how many hours must Annie work per week?
34
35
43
41
Harold got a paycheck that has a gross pay of $1096 and a net pay of $680.51. What percent fo pay was taken out for taxes and deductions?
61.06%
62.09%
37.91%
38.94%
Dan works 41 hours each week at $22.30 per hour. Dan has 32.81% taken out for taxes and withholdings. What is the net pay per year?
$614.32
$31,944.54
$299.98
$15,599.06
Zina needs $14,000 every year and earns $11.55 per hour. If the government takes out 35.90%, how many hours must Zina work per week?
40
38
37
29
A nurse’s aide has earned $21,670 so far this year. She earned $1,970 this month. How much is deducted this month for Social Security?
$122.14
$1,343.54
$12,214
$134,354
The annual cost of health insurance is $4,200, and the EMPLOYER pays 80%. Your pay period is SEMIMONTHLY. How much money gets deducted from your gross pay for health insurance?
$35
$140
$840
$3,360
James' gross pay for the month is $8,000. He pays $1,035 in Federal Income Tax, $465 in State Income Tax, $496 in Social Security Tax, $116 in Medicare, and $388 in Health Insurance. What is James' net pay for the month?
$2,500
$5,500
$6,500
$7,000
Which of these is an optional/voluntary deduction?
healthcare insurance
state income tax
Social Security tax
Medicare tax
