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Income & Wages
17 Questions
|
By Jac0512 | Updated: Mar 18, 2022
| Attempts: 617
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1.
Answer True or False to the following question: A regular work week is 40 hours long.
True
False
Submit
Start Quiz
About This Quiz
Quiz on income and wages calculation. Also, include vocabulary.
2.
What's your name?
We’ll put your name on your report, certificate, and leaderboard.
2.
Answer True or False to the following question: The W4 is filled out when you are hired for a job.
True
False
Submit
3.
Your take home pay is called.
Net Pay
Gross Pay
Wages
None of the above
Submit
4.
Answer True or False to the following question: You receive the W2 form when you retire.
True
False
Submit
5.
The amount a person earns before deductions and taxes are paid.
Income
Net Pay
Gross Pay
None of the above
Submit
6.
Calculate the following gross pay. Any hours over 40 is overtime and they are paid as time and a half. Jake works 40 hours @ $8.25/hour. What is his gross pay?
$409
$330
$230
None of the above
Submit
7.
Calculate the commission pay for the following: Jill a real estate agent sold a house for $50,000 she will earn 15% for the sale. What is her commission pay?
$750
$7500
$3333
None of the above
Submit
8.
What does YTD stand for?
Year Time Day
Year Time Deduction
Year To Date
None of the above
Submit
9.
Answer True or False to the following question: A single person pays higher taxes than a married person.
True
False
Submit
10.
Money that is paid or received for work or services by the hour, day or week.
Income
Net Pay
Wages
None of the above
Submit
11.
Calculate the commission pay for the following: Jill a real estate agent sold a house for $95,000 she will earn 25% for the sale. What is her commission pay?
$23750
$380,000
$237
None of the above
Submit
12.
Calculate the following gross pay. Any hours over 40 is overtime and they are paid as time and a half. Billy works 40.5 hours @ $11.00/hour. What is his gross pay?
$448.63
$448.25
$440
None of the above
Submit
13.
Calculate the following gross pay. Any hours over 40 is overtime and they are paid as time and a half. Jake works 40 hours @ $5.25/hour. He had $38 of taxes deducted from his pay. What is his gross pay? What is his net pay?
Gross Pay $210 Net Pay $172
Gross Pay $172 Net Pay $210
Gross Pay $38 Net Pay $38
None of the above
Submit
14.
Payments people receive for providing resources in the market
Taxes
Wages
Income
None of the above
Submit
15.
What is the deadline to file your tax return to the IRS?
May 1st
May 15th
April 15th
None of the above
Submit
16.
Calculate the following gross pay. Any hours over 40 is overtime and they are paid as time and a half. Ben works 42 hours @ $11.80/hour. What is his gross pay?
$472
$354
$507.40
None of the above
Submit
17.
What does FICA stand for?
For Income Act
Federal Income Contribution Act
Federal Insurance Contribution Act
None of the above
Submit
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All (17)
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Answer True or False to the following question: ...
Answer True or False to the following question: ...
Your take home pay is called.
Answer True or False to the following question: ...
The amount a person earns before deductions and taxes are paid.
Calculate the following gross pay. Any hours over 40 is overtime and...
Calculate the commission pay for the following: Jill a real estate...
What does YTD stand for?
Answer True or False to the following question: ...
Money that is paid or received for work or services by the hour, day...
Calculate the commission pay for the following: Jill a real estate...
Calculate the following gross pay. Any hours over 40 is overtime and...
Calculate the following gross pay. Any hours over 40 is overtime and...
Payments people receive for providing resources in the market
What is the deadline to file your tax return to the IRS?
Calculate the following gross pay. Any hours over 40 is overtime and...
What does FICA stand for?
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