1.
Payments made to the government that are withheld from income.
A
Taxes
B
Gross Pay
C
Net Pay
2.
The total amount of salary paid before any deductions are taken out.
A
Gross Pay
B
Net Pay
C
Medicare
3.
The amount of salary received after taxes and deductions have been taken out.
A
Net Pay
B
Gross Pay
C
Medicare
4.
Money taken out of a paycheck for retirement accounts and eligible medical and dental insurance plans.
A
Deductions
B
Net Pay
C
Gross Pay
5.
Withholdings that go into the federal health insurance program for people 65 and older and also for people with disabilities.
A
Medicare
B
401k
C
Gross Pay
6.
Withholdings that go into the federal government program that provides income support to people who are unemployed, disabled, or over the age of 65.
A
Social Security
B
401k
C
Medicare
7.
Taxes taken out of a paycheck that go to the state government.
A
Federal Income Tax
B
State Income Tax
C
Social Security
8.
Taxes taken out of a paycheck that go to the federal government.
A
Federal Income Tax
B
State Income Tax
C
Social Security
9.
This is an investment account that is used for retirement. Income paid to this account is tax-deferred, which means that taxes generally are not paid until retirement.
A
401(k)
B
Social Security
C
Medicare
10.
Depending on where you live and work, these are taxes taken out of a paycheck that go to the city/local government.
