Question

Of the following, which would you expect to be the biggest amount on your pay stub?
A. Required deductions
B. FICA
C. Medicare
D. Net income

Answer 1

D. Net income

Medicare, FICA and deductions will always be a smaller % of your gross income than the amount of income you’ll receive after all taxes and deductions

Answer 2

Answer:

D. Net income

Explanation:

Net income would be the leftover amount of your income after all the deductions. Since the other 3, FICA, Medicare, and required deductions would be deductions from your gross pay. The leftover amount, the net income is bound to be bigger than the other 3.

FICA is the insurance tax deducted from the gross pay.

Medicare is the medical insurance.

Required deductions are self explanatory.

Net income is the amount left after the said deductions.