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WorksheetsUNDERSTANDING YOUR PAY ASSESMENT
Total questions: 21
Worksheet time: 11mins
WHEN YOU RECIEVE YOUR PAYCHECK YOU WILL GET A ________ THAT BREAKS DOWN HOW AND WHY YOU GOT PAID WHAT YOU DID.
PAY CHECK
PAY STUB
PAY SCALE
NONE OF THE ABOVE
The length of time for which an employees wages are calculated
pay period
gross pay
deducton
tax
total amount of money earned during a pay period
gross pay
net pay
dependent
w-4
Amount of money subtracted from your gross pay
deduction
gross pay
net pay
tax
Fee imposed by the Gov to provide for the common needs of its citizens
tax
w-4
deduction
net pay
The amount of money left after all deductions are taken out
Net pay
gross pay
pay check
none of the above
A document that helps decide how much tax is withheld from your paycheck
W-4
W-2
W-3
W-W
A person who relies on another for financial support (child, elderly)
Dependant
Deductions
None of the above
SOME OF THE DEDUCTIONS THAT COME OUT OF YOUR PAYCHECK ARE TAXES. WHAT ARE TAXES USED FOR?
PROVIDING SERVICES THAT WE USE
HELPING RUN THE COUNTRY
GIVING ME THINGS I NEED WHEN IM OLDER
ALL OF THE ABOVE
Gov. agency that enforces/collects taxes
IRS
Income Tax
E-Filing
w-2
A tax on the money you earn
Income tax
Social security tax
Property Tax
all of the above
A tax on your house or land you may own
Medicare
Social security tax
income tax
Property tax
A TAX ON THINGS YOU BUY LIKE ENERGY DRINKS, COFFEE, GAS
INCOME TAX
SALES TAX
PAYROLL TAX
PROPERTY TAX
THIS TYPE OF TAX COMES OUT OF YOUR GROSS PAY
INCOME TAX
Payroll Tax
ALL OF THE ABOVE
Taking money out of the bank is called what?
INCOME
WITHDRAW
DEPOSIT
NONE OF THE ABOVE
ANOTHER TERM FOR PUTTING MONEY INTO YOUR BANK IS WHAT?
LOAN
DEPOSIT
ATM
BORROWING MONEY FROM THE BANK IS CALLED WHAT?
DEPOSIT
CHECKING
SAVINGS
LOAN
WHAT ARE THINGS A BANK MIGHT LAON YOU MONEY FOR?
CAR
HOUSE
BUSINESS
ALL OF THE ABOVE
WHICH CARD USES MONEY THAT YOU HAVE IN YOUR BANK ACCOUNT? YOU ARE SPENDING YOUR OWN MONEY.
CREDIT CARD
DEBIT CARD
TRUE OR FALSE: A CREDIT CARD USES MONEY YOU DO NOT ACTUALLY HAVE
TRUE
FALSE
TRUE OR FALSE: A SAVINGS ACCOUNT CAN EARN YOU MONEY OVERTIME
FALSE
TRUE
