Percents
General Vocab
Taxes, Withholdings, Deductions
Percent increase/decrease
100

20% of 150

30


100
Total amount of money you earn before taxes and deductions
Gross Pay
100
Money paid to federal government.
Federal Income Tax
100

From 650 to 1060

63%

200

What percent is 22 of 250?

8.8

200
Total amount of money you take home after taxes and deductions.
Net Pay
200
Money paid to local state.
State Income Tax
200

On Oct. 31 a Halloween costume costs $20. On Nov. 1 the same costume is $15. What is the percent decrease?

25%


300

87% of 500

435


300

A form that shows income and taxes withheld 

W-2

300
Are federal income tax & state income tax mandatory or voluntary?
Mandatory
300

Your car registration goes from $247 in 2023 to $205 in 2024. What is the percent decrease?

17%

400
18 is 12% of what number?

150

400

A workplace retirement plan

401 K

400
Name another mandatory withholding besides taxes.
Medicare, Social Security
400
From 548 to 875
60%
500

Your dinner bill total $78.75 plus a 20% tip.

$94.50

500

What does FICA stand for?

Federal Insurance Contributions Act

500
Name a voluntary deduction that can be taken out of your paycheck?
(health, savings, meals, parking, etc...)
500
The cost to rent a booth at salon went from $125 a month to $215. What is the percent increase in a month?

72%