Paystubs
Take home pay is also known as
Net Pay
A person who lives with you full time and you take care of can be filed as a ______________ when you file your taxes
is the document an employer is required to send to each employee and the Internal Revenue Service (IRS) at the end of the year. _______ reports employees' annual wages and the amount of taxes withheld from their paychecks
You are purchasing a T.V for $990 T.V with 9% sales tax. What is the final price of the T.V.?
$ 1,079.10
On a pay stub, this indicates the total amount of money received by an employee after all deductions are taken out.
Gross Pay
Jan pays federal taxes every year based off her yearly income. Which type of tax is calculated by the amount of your income?
Income Tax
When you receive a new job, you are mandated to file a
W-4
Mrs. Ray is buying some groceries. They total to $35.50. Sales tax is 4.5%. When she goes to pay, how much will she owe?
$37.10
True or False
True
Money added to the cost of items and services. It is usually paid when an item is purchased.
Sales Tax
When is the deadline for your income tax return?
April 15th
A Chicago Cubs baseball cap costs a total of $30. Michael has a coupon that will save him 35% of the price. How much money will Michael save on the cap?
$10.50
FICA stands for
The price of the dress Bonnie wants to buy is $85. The state has a $0.05 sales tax for every dollar of the price. What is the sales tax on the dress?
$4.25
What month do you receive a W-2 form?
January
In a video store, a DVD that sells for $15 is marked 10% off. What is the amount of discount?
1.50
The company you work for deposits the net pay straight into your bank account
Direct Deposit
Chase pays a yearly tax of $100 on his car. What tax applies?
Property Tax
What type of information is NOT included on a W-2 form?
A. Employee's Personal Information
B. Federal and State Taxes Deducted
C. Wages
D. Employer's Social Security Number