Salary Calculator Challenge

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Master payroll math

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JESIELYN

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Froggy Jumps Salary Calculator ChallengeVersión en línea Master payroll math por JESIELYN 1 If an employee earns a gross salary of 5,000 per month and has 12% tax, 2% retirement contribution, and 1% health insurance, what is the net pay? a 3,700 b 3,900 c 4,100 2 A monthly salary of 4,200 has a fixed bonus of 200 and deductions of 8% tax plus 1.5% social security. What is the net pay? a 3,304 b 3,504 c 3,800 3 An employee earns 6,000 gross. Deductions: 15% tax, 5% retirement, 0.5% health. Net pay equals? a 4,350 b 4,125 c 4,000 4 If benefits include a 150 transportation stipend and a 100 food allowance, how does this affect gross-to-net? a Adds to gross, reduces taxable base b Reduces gross c Has no effect on pay 5 A salary is 3,500. Tax 10%, health 1%, retirement 3%. Net pay is? (Ignore other deductions) a 2,835 b 3,200 c 3,150 6 Employer contributes 2% to a retirement plan; employee salary 5,000. Employee contribution is 4%. Net pay after all deductions? a 4,500 b 4,600 c 4,700 7 If a fixed deduction of 120 exists and tax is 12%, gross 2,800, what is net pay (no other deductions)? a 2,392 b 2,480 c 2,320 8 Health insurance costs 25 of gross; retirement 6% and tax 18% on 4,000. Net pay? a 3,140 b 2,980 c 3,300 9 A company offers a 250 performance bonus; monthly gross 3,000, tax 15%, retirement 5%. Net pay with bonus? a 2,700 b 2,350 c 2,550 10 Difference between gross salary and net salary is primarily due to what deductions? a Only taxes b Bonuses and overtime c Taxes, retirement, health, and other withholdings

Froggy Jumps

Salary Calculator ChallengeVersión en línea

Master payroll math

por JESIELYN

If an employee earns a gross salary of 5,000 per month and has 12% tax, 2% retirement contribution, and 1% health insurance, what is the net pay?

3,700

3,900

4,100

A monthly salary of 4,200 has a fixed bonus of 200 and deductions of 8% tax plus 1.5% social security. What is the net pay?

3,304

3,504

3,800

An employee earns 6,000 gross. Deductions: 15% tax, 5% retirement, 0.5% health. Net pay equals?

4,350

4,125

4,000

If benefits include a 150 transportation stipend and a 100 food allowance, how does this affect gross-to-net?

Adds to gross, reduces taxable base

Reduces gross

Has no effect on pay

A salary is 3,500. Tax 10%, health 1%, retirement 3%. Net pay is? (Ignore other deductions)

2,835

3,200

3,150

Employer contributes 2% to a retirement plan; employee salary 5,000. Employee contribution is 4%. Net pay after all deductions?

4,500

4,600

4,700

If a fixed deduction of 120 exists and tax is 12%, gross 2,800, what is net pay (no other deductions)?

2,392

2,480

2,320

Health insurance costs 25 of gross; retirement 6% and tax 18% on 4,000. Net pay?

3,140

2,980

3,300

A company offers a 250 performance bonus; monthly gross 3,000, tax 15%, retirement 5%. Net pay with bonus?

2,700

2,350

2,550

Difference between gross salary and net salary is primarily due to what deductions?

Only taxes

Bonuses and overtime

Taxes, retirement, health, and other withholdings

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Salary Calculator Challenge

Froggy Jumps

Sobre esta actividad

Creada por

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Salary Calculator ChallengeVersión en línea

por JESIELYN

If an employee earns a gross salary of 5,000 per month and has 12% tax, 2% retirement contribution, and 1% health insurance, what is the net pay?

A monthly salary of 4,200 has a fixed bonus of 200 and deductions of 8% tax plus 1.5% social security. What is the net pay?

An employee earns 6,000 gross. Deductions: 15% tax, 5% retirement, 0.5% health. Net pay equals?

If benefits include a 150 transportation stipend and a 100 food allowance, how does this affect gross-to-net?

A salary is 3,500. Tax 10%, health 1%, retirement 3%. Net pay is? (Ignore other deductions)

Employer contributes 2% to a retirement plan; employee salary 5,000. Employee contribution is 4%. Net pay after all deductions?

If a fixed deduction of 120 exists and tax is 12%, gross 2,800, what is net pay (no other deductions)?

Health insurance costs 25 of gross; retirement 6% and tax 18% on 4,000. Net pay?

A company offers a 250 performance bonus; monthly gross 3,000, tax 15%, retirement 5%. Net pay with bonus?

Difference between gross salary and net salary is primarily due to what deductions?

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