Payroll Deductions Quiz

What is the term for the total amount of money earned before any deductions?

• Net Pay

• Gross Pay

• Voluntary Deductions

• FICA Taxes

Which of the following is a type of voluntary deduction?

• Federal Income Tax

• State and Local Income Taxes

• Health Insurance

• FICA Taxes

Which tax is specifically for retirement benefits?

• Federal Income Tax

• State and Local Income Taxes

• Social Security

• Medicare

Which deduction is specifically for funding healthcare services?

• Social Security

• Medicare

• Federal Income Tax

• State and Local Income Taxes

What is Net Pay?

• The total amount of money you get before taxes and deductions

• The amount of money you get after taxes and deductions

• The amount of money you earn from investments

• The amount of money you pay in taxes

Gross Pay is calculated before which of the following?

• Taxes and other deductions

• Savings contributions

• Investment returns

• Loan payments

Which of the following best describes Net Pay?

• Earnings before any deductions

• Earnings after taxes and deductions

• Total annual salary

• Monthly gross income

Gross Pay includes which of the following?

• Only base salary

• Total earnings before deductions

• Only bonuses

• Only overtime pay

What should you do if there are only two jobs total according to Step 2(c)?

• Check the box on both Forms W-4

• Ignore the step

• Consult a tax professional

• File a separate form

Which filing status has a 2025 standard deduction of $15,000?

• Head of household

• Married filing jointly

• Single; Married filing separately

• Surviving spouse