Personal Finance I
Quiz by Rachel Murat
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11 questions
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- Q1Total amount of money earned before deductions are takenGross Wages30s
- Q2Year to DateYTD30s
- Q3things like social security, medicare, state income tax, federal income taxDeductions30s
- Q4Gross wages minus deductionsNet Pay30s
- Q5based on income level; progressive tax; goes to the US governmentFederal Income tax30s
- Q6based on income level; progressive tax; goes to the state governmentState income tax30s
- Q7Federal Income Contributions Act; Funds MedicareFICA Med Tax30s
- Q8Federal Income Contributions Act; Funds Social SecurityFICA SS Tax30s
- Q9State Disability Insurance (not all states have this)SDI30s
- Q10typically lower paying jobs, usually eligible for overtime, typically fewer vacation/personal/sick days, hours usually fluctuate each weekhourly employee30s
- Q11typically higher paying jobs, not usually eligible for overtime but may be eligible for bonuses, typically more vacation/personal/sick days, hours don't usually fluctuate each weeksalary employee30s