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Taxes And Paychecks
Test Description: Review
Instructions: Answer all questions to get your test result.
1) The amount of income before taxes and other deductions
A
gross pay
B
net pay
C
FICA
D
take home pay
2) A government program which helps people with disability or old age; we pay this as part of a payroll tax
A
social security
B
unemployment insurance
C
commission
D
federal witholding
3) The amount deducted from a paycheck by an employer to pay pay taxes so the government can provide services to it's people
A
Social security
B
Federal withholding taxes
C
IRS
D
FICA
4) When you go to work, you will fill out a form to help your employer determine what percentage of taxes to take out. It is called a
A
Medicare form
B
I9 form
C
W4 form
D
W2 form
5) Sales taxes are paid to __________________ and they send the money to the government
A
merchants
B
state comptrollers
C
IRS
D
city governments
6) a % of sales paid to a person for their income.
A
base salary
B
overtime
C
commission
D
allowance
7) Overtime
A
payment for work over 40 hour work week
B
40 hours of less of work a week
C
fixed amount of money paid to a person on a regular basis
D
base hourly wage set by the government
8) Salary
A
includes commission
B
is minimum $7.35 per hour
C
is the take home pay
D
people on this are not paid by the hour
9) Your favorite teacher:
A
Mr. Nicoll
B
Mrs. Thiede
C
Miss Smith
D
Mr. Plank
10) Miss Smith's favorite food:
A
Pork chops
B
Salad
C
Collard greens
D
Pie
*select an answer for all questions
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