4. Taxes and Income
Payroll Deductions — Quiz
Test your understanding of payroll deductions with 5 practice questions.
Practice Questions
Question 1
Which of the following is an example of a pre-tax deduction from an employee’s paycheck?
Question 2
Which of the following retirement contributions is typically deducted from paychecks pre-tax?
Question 3
If an employee’s gross pay is $4,000 and they contribute $400 to a pre-tax retirement plan, what is their new taxable income before other deductions?
Question 4
Which of the following best describes a post-tax deduction?
Question 5
An employee earns $3,500 per month in gross pay and has 350 in pre-tax deductions for health insurance and $200 in post-tax deductions for a charity. What is the employee’s taxable income before applying income taxes?