EVERFI Module 2 Income & Employment Questions and Answers 100% Pass Generally, the more education you receive, the higher your lifetime earnings will be. True There is no relationship between the level of education received and lifetime earnings. False For most careers, which degree will most likely result in the highest lifetime earnings? Bachelors Degree What is net pay? The amount of money youre paid after all taxes and deductions are taken out of your paycheck. Net pay is NOT __. Your gross pay plus any bonuses. The amount of money youre paid, after all taxes and deductions are taken out of your paycheck is called? Net payWhich of the following is a possible tax or deduction that they may show up on your paycheck? All of the above Which of the following is NOT a possible tax or deduction that could show up on your paycheck? Sales tax Which of the following is NOT a possible tax or deduction that could come out of your paycheck? Overtime pay What is the purpose of the W-4 form? To inform your employer of how much federal income tax to withhold from your paychecks The W-4 tax form is used to _.