Paychecks

What does #1 represent on the paycheck shown to the left?

• Gross Pay

• Net Pay

• Taxes

• Before tax deductions

What does #2 represent on the paycheck shown to the left?

• Gross Pay

• Net Pay

• Taxes

• Before tax deductions

What does #3 represent on the paycheck shown to the left?

• Paycheck Date

• Payroll Period

• After tax deductions

• Before tax deductions

What does #4 represent on the paycheck shown to the left?

• Paycheck Date

• Payroll Period

• After tax deductions

• Before tax deductions

What does #5 represent on the paycheck shown to the left?

• Paycheck Date

• Payroll Period

• After tax deductions

• Before tax deductions

What does #7 represent on the paycheck shown to the left?

• Paycheck Date

• Taxes

• After tax deductions

• Before tax deductions

What are FICA taxes also called?

• Payroll taxes

• Unemployment Tax

• Disability Tax

• Income Taxes

Which two taxes make up FICA taxes? Check those that apply.

• Medicare

• Unemployment

• Social Security

• Disability Insurance

What is the Social Security % tax?

• 1.45%

• 2%

• 5%

• 6.2%

What is the Medicare tax %?

• 1.45%

• 2%

• 5%

• 6.2%