Try It
Salary Deductions Review
Answer the following questions about salary deductions and your pay check.
Problem #1
_____ is the amount you will receive after taxes and other deductions have been withheld from your paycheck.
Answer: Net Pay
Problem #2
________ is the term used to describe all of the money you earned while working at your job.
Answer: Gross Pay
Problem #3
You worked 35 hours at a rate of $11 per hour. This would give you a gross pay of $385. Your net pay was $250.25. How much was deducted from your gross pay?
Answer: $134.75
Problem #4
If you have $112.25 deducted weekly for Federal taxes, what will be the total amount you will pay in Federal taxes for a year?
Answer: $5,837
Problem #5
If your gross pay is $385.00 and your net pay is $250.25, what percent of your gross pay is your net pay?
Answer: 65%