Understanding payroll and income taxes

_______ pay represents your TOTAL earnings before deductions.

Overtime pay is _____ times your regular pay rate.

• 1

• 2.5

• 1.5

• 2

Gross pay minus total deductions is your _____ pay.

Employees complete a ____ form to determine how much federal income tax will be withheld.

Social security tax rate for employees is ____%.

• 12.4

• 6.2

• 1.45

• 2.9

Medicare tax rate for employees is ____%.

• 12.4

• 6.2

• 2.9

• 1.45

Mary worked 37 hours last week. Her hourly pay rate is 12.00. What is her gross pay?

Mark's hourly pay rate is 15.50 / hour. What is his OVERTIME pay rate?

Jack worked 17 hours last week. His hourly pay rate is 14.25. What is his gross pay?

Darren's gross pay totaled $1475 for the last two weeks. How much will his Social Security tax deduction be?