Fill in the Blank
Income Tax is deducted from an employee’s _________.
$1,387.50
18 tablespoons = ______ teaspoons
54 teaspoons
Find the 7.65% FICA tax on earnings of $475
$36.34
Find the gross pay for 40 hours at $7.74 an hour.
$309.60
Cash receipt records and cash payment records are helpful when completing the 1040A tax __________ form.
The Yockey’s budgeted 9% of their annual disposable income of $42,750 on clothes. How much did they allot for clothes?
6.5 x $3.50
$22.75
Find the gross profit if the cost to the retailer was $32 and the retail price was $50.
$18
Find the overtime pay for a 48 hour work week at $16.08 an hour when anything over 40 hours is time and a half.
$192.96
Taxable income cannot __________ $50,000 to use the 1040EZ tax return.
Exceed
Logan earns $15.50 per hour for a 40-hour work week. If 8.25% is deducted for FICA tax, how much is deducted for this purpose?
$51.15
2⁶
64
Find the sale price if the $65 list price is disounted 23%.
$50.05
Find the gross pay for a 52 hour work week at $14.23 an hour when anything over 40 hours is time and a half.
$825.34
Each exemption allows an amount set by IRS to be subtracted from the _______ income.
Gross
The Yockey’s budgeted 9% of their annual disposable income of $42,750 on clothes. Peyton was allotted 18% of the amount budgeted. How much did Peyton have to spend annually on clothes?
$692.55
17 + 3³ - 2 x 5 + (6 - 2)²
50
Change 2,736 to Roman Numerals.
MMDCCXXXVI
Find the net pay after exemptions of $12.34, $5,67, $8.31, $67.82 and $42.14 if the gross pay is 40 hours at $18.24 an hour.
$593.32
Another name for ______ tax is Social Security tax.
FICA
The list price for a dress was $145, and the sale price was $85. Find the percent of discount to the nearest whole percent.
5½ + 6⅔ + 4¾
16 and 11/12
Convert a recipe that serves 6 and calls for 3/4 cup sugar to one that serves 20.
2.5 cups
(NO CALCULATOR) — Sam’s Wages: $15,210.87; Silvia’s Wages: $12,910.16; Interest Income: $524.80; Bonuses: $2,583.16. What is the total gross income?
$31,228.99