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.

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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