Money Matters Ch 2 Review

Quiz
•
Business
•
12th Grade
•
Medium
Lauren Thompson
Used 6+ times
FREE Resource
36 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How much is Self employed individuals required to pay in social security taxes?
12.4%
6.2%
1.45%
None
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
You work a job that pays you an hourly wage of $15 per hour. What are your gross wages if you work 35 hours in one week.
None
$525
$350
$600
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Since you went to work for the furniture company, you have a salary of $300 per week plus a commission of 7%. This week you sold one customer $3,200 bedroom set and another customer a living room set for $5,900. What were your gross sales for the month of April?
$2,364
$864
$1,837
$2,000
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
There are 40 hours in a standard work week.
True
False
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
net pay is the amount you take home after taxes and other deductions have been subtracted.
False
True
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
For an hourly worker, gross pay is found by multiplying the number of hours worked by the hourly rate of pay.
True
False
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Social Security and Medicare (FICA) are what type of deduction/withholding from your gross pay?
mandatory/required deduction
Only required if you earn over $20,000 per year
Voluntary/optional deduction
what is that??
Create a free account and access millions of resources
Similar Resources on Wayground
34 questions
Budgeting Review

Quiz
•
9th Grade - University
40 questions
Personal Finance Chapter 1-3 Test -

Quiz
•
12th Grade
40 questions
Our Tax System (FL2)

Quiz
•
9th - 12th Grade
35 questions
Topic 8 - Taxes and Spending

Quiz
•
12th Grade
40 questions
Gmetrix D1L1

Quiz
•
9th Grade - University
31 questions
Finance

Quiz
•
8th Grade - University
40 questions
Dave Ramsey - Chapter 3 Review

Quiz
•
12th Grade
Popular Resources on Wayground
11 questions
Hallway & Bathroom Expectations

Quiz
•
6th - 8th Grade
20 questions
PBIS-HGMS

Quiz
•
6th - 8th Grade
10 questions
"LAST STOP ON MARKET STREET" Vocabulary Quiz

Quiz
•
3rd Grade
19 questions
Fractions to Decimals and Decimals to Fractions

Quiz
•
6th Grade
16 questions
Logic and Venn Diagrams

Quiz
•
12th Grade
15 questions
Compare and Order Decimals

Quiz
•
4th - 5th Grade
20 questions
Simplifying Fractions

Quiz
•
6th Grade
20 questions
Multiplication facts 1-12

Quiz
•
2nd - 3rd Grade