Matching

Question

1 Net Pay
2 Gross Pay
3 Deductions
4 Social Security is an example of this type of tax.
5 This is found by subtracting certain amounts from the gross income
A FICA
B Taxable Income
C The actual amount of your paycheck after taxes have been withheld.
D The actual amount of your paycheck before taxes have been withheld.
E These reduce the amount of a taxpayer's income that is subject to tax.

Answer 1

Here are the correct matches:

1. Net Pay - C The actual amount of your paycheck after taxes have been withheld.
2. Gross Pay - D The actual amount of your paycheck before taxes have been withheld.
3. Deductions - E These reduce the amount of a taxpayer's income that is subject to tax.
4. Social Security is an example of this type of tax - A FICA
5. This is found by subtracting certain amounts from the gross income - B Taxable Income