employ skills

employ skills

Assessment

Flashcard

Professional Development

9th - 12th Grade

Practice Problem

Hard

Created by

Wayground Content

FREE Resource

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17 questions

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1.

FLASHCARD QUESTION

Front

What is the primary difference between gross pay and net pay?

Back

Gross pay includes deductions; net pay is the amount after deductions.

2.

FLASHCARD QUESTION

Front

Which U.S. government program primarily provides health insurance for individuals aged 65 and older?

Back

Medicare

3.

FLASHCARD QUESTION

Front

What does a Social Security check refer to?

Back

Monthly payments for retirees, disabled individuals, or survivors of deceased workers

4.

FLASHCARD QUESTION

Front

What is the purpose of tax filing?

Back

To report income, expenses, and determine tax liability or refund

5.

FLASHCARD QUESTION

Front

Which form does an employee receive from their employer to report annual wages and taxes withheld? Options: w-4, w-2, 1040, FICA

Back

w-2

6.

FLASHCARD QUESTION

Front

What does FICA stand for?

Back

Federal Insurance Contributions Act

7.

FLASHCARD QUESTION

Front

Which of the following is NOT a tax deduction? Mortgage interest, Medical expenses, Social Security contributions, Tax credits

Back

Tax credits

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