Chapter Quiz

Solve each problem. Show your work.

1. Which payroll deduction might change, depending on
which state you live in — federal income tax, state income tax,

or Social Security?

2. Why is Harry's net pay for the week less than the amount he
earned this week?

3. Julie's gross pay is $1,008.71. Her deductions total $386.00. What is

her net pay?

4. Roger's deductions are 44% of his gross pay. What percent of his
gross pay is his net pay?

5. Herb and Janice are paid the same salary at a shoe factory. They
each work the same number of hours. Herb's net pay is less than
the net pay Janice takes home. How could this happen?

6. Carl earns $27,785 a year. He earns $15 in interest on savings.

His exemptions and tax deductions total $7,505. What is Carl's
taxable income?

7. Magali spent $500 on a Series EE savings bond. She redeemed

the bond when it matured. How much did Magali receive for
the bond?

Maintaining Skills

Compute.
1. of 135 2. $76.80 + $49 3. of $39

Find the average of each set of numbers.

4. $50.00, $45.25, $33.75, $100.00 5. 5%, 57%, 25%,

Chapter 4 • Your Take-home Pay 91