Income and Income Taxes | 1.1K plays

1.

Multiple Choice

30 sec

1 pt

You work part-time for $9.50 an hour. You work for 15 hours this week, how much is your gross pay?

$ 24.50

$ 142.50

$ 155.00

2.

Multiple Choice

30 sec

1 pt

Your gross pay is $525.50. Your net pay is $446.75. How much money was deducted from your pay check?

$ 972.25

$ 70.00

$ 78.75

3.

Multiple Choice

30 sec

1 pt

You make $ 10.75 an hour. You worked 13 hours the first week and 17 hours the second week. How much money did you make in the two weeks?

$ 40,75

$ 322.50

$ 221.00

4.

Multiple Choice

30 sec

1 pt

Your weekly gross pay is $400.00. Your tax rate is 15%. How much is your net pay?

$ 340.00

$ 60.00

$ 266.00

5.

Multiple Choice

30 sec

1 pt

You make $9.00 an hour at your part-time job. You work 20 hours a week and your income tax rate is 20%. How much will be taken out of your paycheck each week?

$36.00

$144.00

$9.00

6.

Multiple Choice

30 sec

1 pt

What is net pay?

The total earnings on your paycheck

Three taxes that everyone must pay

How much a person is worth in total

The amount of your paycheck after taxes are taken out

7.

Multiple Choice

30 sec

1 pt

What is gross earnings?

The total amount of wages on your paycheck

Three taxes that everyone must pay

How much a person is worth in total

The amount of your paycheck after taxes are taken out

8.

Multiple Choice

30 sec

1 pt

withheld from an employee’s wages or salary

disposable income

payroll taxes

workers compensation

earned income

9.

Multiple Choice

30 sec

1 pt

Money received on a regular basis for work or through investments

Values

Taxes

Income

Fixed Cost

10.

Multiple Choice

30 sec

1 pt

Required payments to a government

Variable Cost

Gross Monthly Income

Taxes

Income

11.

Multiple Choice

30 sec

1 pt

Total amount of earnings made over a month before any deductions

Net Monthly Income

Gross Monthly Income

Income Tax

Social Security

12.

Multiple Choice

30 sec

1 pt

A portion of one's personal income paid to a government (one correct answer)

Fixed Cost

Variable Cost

Income Tax

Taxes

13.

Multiple Choice

30 sec

1 pt

Income amount remaining after a year's worth of deductions have been taken.

Net Monthly Income (NMI)

Gross Annual Income (GAI)

Gross Monthly Income (GMI)

Net Annual Income (NAI)

14.

Multiple Choice

2 mins

1 pt

A deduction is

gross income

money added to your income

net income

money taken out of your income

15.

Multiple Choice

2 mins

1 pt

Net income is:

the total amount of money you earn

the amount of money you receive after deductions are subtracted from your gross income

the amount of money that is taken away in the form of taxes

the hourly rate of pay

16.

Multiple Choice

2 mins

1 pt

Marco has the following deductions listed.

Federal Income tax: $44

Social Security tax: $23

Medicare tax: $5

Health Insurance: $24

What is the total amount of his deductions?

$39

$67

$91

$96

17.

Multiple Choice

2 mins

1 pt

David's gross income: $127.25

David's deductions: $25.20

David's net pay: ?

$102.05

$102.45

$112.05

$152.45

18.

Multiple Choice

2 mins

1 pt

Dayanara's gross income was $550. What was her net income if her deductions were $110 for payroll taxes and $22.50 for health insurance?

$132.50

$417.50

$440.00

$638.50

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