1) Income that is left after payroll taxes are taken out. a) Gross Income b) Payroll Tax c) Net Income d) Sales Tax 2) The amount of money you received after deductions are subtracted from your paycheck? a) Gross Income b) Payroll Tax c) Net Income d) Sales Tax 3) Income received before Social Security, Medicare and Health Insurance are taken out of your check. a) Gross Income b) Payroll Tax c) Net Income d) Sales Tax 4) Spencer works at Chik-fil-A. He worked 12 hours and his pay is $12.00 an hour. His total income was $144 before taxes. What kind of income is this? a) Net Income b) Payroll Tax c) Gross Income d) Sales Tax 5) Deductions held back from a paycheck is called..... a) Gross Income b) Property Tax c) Payroll Tax d) Sales Tax 6) Gross income is _______________________________ payroll taxes are taken out. a) the total income before b) the income that is left after c) Property Tax d) Sales Tax 7) Ella works 10 hours a week at the local soccer camp. She earns $20 an hour. She makes $200. Which statement is true? a) Her gross income is more than $200. b) Her net income is LESS than $200 because taxes would be taken out.. 8) Which statement is true? a) Gross income is a tax on all income that a worker earns. b) Net income is the amount an employee takes home after taxes. are taken out of the paycheck. c) Gross income is a tax paid by an employer. d) Net income is the amount a person earns before taxes and deductions are taken out.  9) Property Tax a) Tax on a person's home. b) All these answers c) Tax on Farmland 10) Which is the best example of Fixed Income? a) Groceries b) Concert tickets c) Car Payment to the bank

Net Income vs Gross Income

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