Find the annual amount of FICA at a 7.51% rate by computing his annual salary.
Sam Takagi
Weekly salary: $435.16
Not self-employed
Find the annual amount of FICA by computing his annual salary.
$169,938.68 $16,993.87
$1,699.39
2.
Find the annual amount of FICA at a 7.51% rate by computing his annual salary.
Juan Vance
Weekly salary: $231.67
Not self-employed
Find the annual amount of FICA by computing his annual salary.
$9,047.20 $904.72
$90,472
3.
Find the annual amount of FICA at a 7.51% rate by computing his annual salary.
Vivian Delgado
Annual salary: $42,012
Not self-employed
Find the average monthly FICA by computing the average monthly salary.
$262.93 $3155.10
$525.85
4. Jo Dell is a self-employed artist who charges $25 per hour for her services. She averages 17 hours of work per week. How much FICA tax should she pay at a rate of 15.02%?
$63.84 $6,396.25
$103.45
5. Steven works for a real estate developer. In what month of the year will he make his final FICA payment if he has been earning $3,985 per month since the beginning of the year and FICA tax is collected on the first $43,800?
September July
November
6. Gross pay: $573.05
Total deductions: $229.22
What would the Net pay be?
$802.27 $343.83
$229.22
7. Gross pay: $406.96
Total deductions: $142.44
What would the Net pay be?
$549.40 $264.52
$406.96
8. Total deductions: $96.38
Net pay: $179
What would the Gross pay be?
$275.38 $82.62
$179
9. Total deductions: $98.11
Net pay: $218.36
What would the Gross pay be?
$120.25 $338.61
$316.47
Part 2
Choose the word that best completes each statement : (Each question is worth one point)
10. The number of withholding allowances a worker claims are called _________.
Deductions Gross pay
Exemptions
11. Take-home pay is another name for _________.
Net pay Gross pay
Earnings statement
12. The total amount a worker earns for a pay period is called _________.
Net pay Gross pay
Earnings statement
13. An _________ is a record of earnings and deductions.
Earnings statement Deduction
Exemption
14. _________ are the amounts withheld from a paycheck.
Exemptions FICA
Deductions
15. Social security is a common name for _________.
Deductions FICA
Exemptions
Part 3
How much FICA tax is withheld at a rate of 7.51% on these earnings? Choose the correct answer for each. (Each question is worth one point)
16. $450 at a FICA rate of 7.51%
$337.95 $3.38
$33.80
17. $2,643.75 at a FICA rate of 7.51%
$198.55 $1,985.46
$19.86
18. $17,459 at a FICA rate of 7.51%
$1,311.17 $13,111.71
$13.11
19. Alex owns a typing service, so he must pay FICA tax at the self-employed rate of 15.02% How much must he pay on an annual income of $27,450?
$41,229.90 $4,122.99
$8,256.87
20. Belle earns $386.75 weekly. She has $162.40 withheld weekly for taxes. She has $35.75 withheld weekly for personal deductions. What is her net pay each week?
$188.60 $351
$224.35
21. Ryan earns $22,600 a year. He pays 19% of his gross income for federal, state, and local taxes. He is taxed at the FICA rate of 7.65%. He has 4% of his income withheld for personal deductions. What is his net pay?
$18,306.00 $17,402.10
$15,673.10
22. Frida earns $5.25 per hour and time-and-a-half for overtime for all hours over 40 hours. How much did she earn the week she worked 48 hours?
$247.50 $273
$2,612.50
23. Craig earns $2.50 per hour plus $3.50 for each haircut he gives. He worked 7 hours and gave 4 haircuts. How much did he earn?
$31.50 $168
$46
24. Delia works from 8:00 a.m. to 4:30 p.m. and has one hour each day for lunch. How much does she earn for a five-day workweek at $4.80 per hour?
$216 $36
$180
25. One week Roger earned $425.50 regular pay and $60.50 overtime pay. His net pay for the week was $275.30. How much did he have withheld for deductions?
$761.30 $365
$210.70
26. Rachel earned $23,750 and paid a FICA tax of 7.65% How much FICA tax did she pay?
$18,168.75 $1,816.88
$181.69
27. Sherman earns $18,500 and has $2,630 withheld for taxes and $975 withheld for personal deductions. What is his net pay?
$14,895 $15,870
$17,525
28. Ophelia earns $16,750 and has $2,870 withheld for taxes and $800 withheld for personal deductions. If she gets paid biweekly, what is the net pay of each paycheck?
$1,121.25 $503.08
$517.50
29. Jasper works an average of 45 hours each week. He gets paid $4.85 per hour and time-and-a-half for all hours over 40 hours. What is his annual income?
$1,892.80 $11,979.50
$10,088
30. Maura is a self-employed artist. She averages a monthly income of $2,980. If the FICA rate is 15.02%, how much FICA tax must she pay each year?
$3,576 $227.97
$5,371.15
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