6
QuizMultiple Choice

Money and Credit Management — Test

Question 6 • CMS 2026-2027 Economics and Personal Finance INITIAL CREDIT

Gaia’s gross pay per month is $2,895. Her deductions are listed in the table. Deduction Dollar Amount Federal Income Tax $324 State Income Tax $96 Social Security $126 Medicare $39 What is Gaia’s net pay each month?

Answer
A
$2,310
B
$2,349
C
$2,475
D
$2,571

Explanation

Add the deductions: $324 + $96 + $126 + $39 = $585. Subtract the total deductions from Gaia’s gross monthly pay: $2,895 − $585 = $2,310, so her net pay is $2,310 (choice A).

AI-written and checked against the verified answer.

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