WorksheetsUnderstanding Deductions and Gross Pay
Total questions: 5
Worksheet time: 3mins
Name
Class
Date
1.
What is gross pay?
a)
The amount of money you take home after all deductions.
b)
The total amount of money earned before any deductions.
c)
The amount of money you pay in taxes.
d)
The amount of money you save each month.
2.
Which of the following is a type of deduction from your paycheck?
a)
Gross pay
b)
Net pay
c)
Health insurance
d)
Overtime pay
3.
If your gross pay is 1000andyourtotaldeductionsare 200, what is your net pay?
a)
$800
b)
$1000
c)
$200
d)
$1200
4.
Which of the following is NOT a deduction from your paycheck?
a)
Federal taxes
b)
State taxes
c)
Savings account deposit
d)
Social Security
5.
How do deductions impact your net income?
a)
They increase your net income.
b)
They decrease your net income.
c)
They have no effect on your net income.
d)
They double your net income.
100 %
