This Math quiz is called 'Business Math 12 - Payroll (Same Pay - Different Number of Dependents)' and it has been written by teachers to help you if you are studying the subject at middle school. Playing educational quizzes is a fabulous way to learn if you are in the 6th, 7th or 8th grade - aged 11 to 14.
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This quiz will continue the series of quizzes surrounding payroll. By learning how payroll works now, you will be far more informed when you finally get out into the business world. The first thing you learned about payroll is that when you were told what your salary would be, it turned out to be completely different from what you actually get to take home in your paycheck.
Paychecks include all kinds of deductions such as federal taxes, state taxes, Medicare taxes, health insurance premiums and retirement savings. In fact, more deductions can be added in later as you age (such as long-term care assistance) but we will not address that here. The next thing you learned was that the amount of taxes taken out of your paycheck were different if you were single or if you were married with dependents.
This quiz will continue to address the tax deductions based on marital status and the number of dependents only this time we will take individuals who earn (their salary) the same exact amount but their number of dependents will differ. This is to show you that even though two or more people can make the same salary, the amount each takes home will be different. If at this point you have not already taken the PAYROLL (An Introduction) and PAYROLL (Calculation Take Home Pay with Dependents), now would be a good time to take those quizzes first as they will help you to understand how to work out the problems. For those who have taken those quizzes and feel comfortable with working out payroll problems, let’s move forward and see how each person’s take home pay will be different even though they make the same salary.
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