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Worksheets

Paychecks and Paystubs

Total questions: 20

Worksheet time: 5hrs 0mins

Name
Class
Date
1.

Net pay is ...

a)

pay before deductions

b)

pay after deductions

c)

income you lose

d)

income without taxes

2.

What is gross pay?

a)

Take-home pay

b)

Pay after deductions

c)

Bonus pay that isn't taxable

d)

Pay before deductions

3.

Mandatory payroll taxes are deducted from all employees paychecks.

a)
true
b)
false
4.

On what date is John Doe receiving his pay?

a)

September 11

b)

September 7

c)

September 25

d)

September 18

5.

The company you work for deposits the net pay straight into your bank account. This is called..

a)

Rate

b)

Direct Deposit

c)

Paystub

d)

Pay Period

6.

Money taken out of paycheck to cover expenses including taxes and health insurance

a)

Gross Pay

b)

Benefit Analytics

c)

Deductions

d)

Net Pay

7.

The date range you are being paid for

a)

Pay Rate

b)

Paystub

c)

Pay Period

d)

YTD

8.

Mandatory deductions include:

a)
income tax, social security tax, and Medicare tax
b)
property tax, sales tax, and excise tax
c)
sales tax, property tax, and estate tax
d)
excise tax, estate tax, and property tax
9.

YTD stands for:

a)

Year to Date

b)

Year Tax Date

c)

Yearly Tax Date

d)

Your Total Deductions

10.

How much FICA Medicare tax did John Doe pay in the current pay period?

a)

$58.00

b)

$11.60

c)

$42.25

d)

$48.31

11.

Who is the IRS?

a)

International Revision Source

b)

Internal Regional Survey

c)

Incomplete Retirement Status

d)

Internal Revenue Service

12.

What must be completed when you are first hired at a new job?

a)

W-2 and W-4

b)

W-4 and 401k

c)

I-9 and W-4

d)

I-9 and W-2

13.

This verifies your employment eligibility when starting a new job

a)

W-2

b)

Passport

c)

I-9

d)

W-4

14.

What is John Doe's hourly wage?

a)

$20

b)

$40

c)

$50

d)

$58

15.

How much did Jane Doe pay in FICA taxes in 2014?

a)

$3,100

b)

$1,500

c)

$725

d)

$3,825

16.

Of the following, which is a VOLUNTARY deduction?

a)

FICA

b)

Federal Tax

c)

401 (k)

d)

State Tax

17.

Which of the following would have the highest amount of taxes deducted from their paychecks?

a)

A married couple with two dependents.

b)

A single person with no claimed dependents.

c)

A single person with one claimed dependent.

d)

A married couple with no claimed dependents.

18.

When is "Tax Day"?

a)

February 28

b)

April 15

c)

June 30

d)

October 1

19.

How many hours did this person work this week?

a)

37

b)

19

c)

$11.90

d)

440

20.

Which is the MOST secure payment method?

a)
payroll card
b)
paycheck
c)
direct deposit
d)
they are all risky