What Happened to My Paycheck

Keisha worked for a total of 24 hours in a week. She is paid $10.00 per hour. How much is her paycheck?

• $240.00

• $160.00

• $210.00

What do you call the amount of money in your paycheck for the total hours worked before deductions?

• Gross pay

• Net pay

• Tax

What do you call the amount of money you take home after deductions?

• Gross pay

• Net pay

• Tax

What do you call the amount of money deducted from your paycheck to pay for government services?

• Federal Tax

• Social Security

• Medicare

Where does the government spend the tax money to?

Select all that apply:

• military

• government jobs

• police and fire departments

• hotels

What kind of tax you pay the entire time you work and get some of the money back when you retire?

• social security

• Medicare

What do you call the tax to help people 65 years or older who are sick?

• social security

• Medicare

What is a good way to save money?

• Opening a savings account

• spend all the money at restaurants

True or False: You always get to take home all the amount of money you worked for?

• True

• False

True or False: It is okay not to pay tax.

• True

• False