The actual amount of money you “take home” is
taxes
gross pay
voluntary pay
net pay
the number of hours you must work in order to be full time
39
58
40
24
What is a mandatory deduction?
food
dental insurance
taxes
401K
Fees that need to be paid to the federal government
Deuctions
Net pay
Gross pay
Taxes
Gross pay minus deductions and taxes
bi- weekly
net pay
pay period
pay roll
Amounts of money withheld from an employee’s gross pay
Pay roll deductions
gross pay
voluntary pay
Net pay
What is a wage?
money you get for the hours you work
occurring twice a month
something you bet
a monthly payment
Overtime is....
the amount of time you spend on break at work.
is not paid to salaried employees
deducted from your pay.
is the additional amounts paid to hourly employees who work
How often are you paid in a year, if your are paid monthly?
27
21
12
30
How many times are you paid in a year if you are paid semi-monthly?
52
12
24
7
A sum of money paid regularly as a retirement benefit
insurance
pension
wages
benefit
A weekly pay period results in
60 pay periods in a year
52 pay periods in a year
48 pay periods in a year
12 pay periods in a year
A payroll tax used to fund Social Security and Medicare
Federal Insurance Contribution Act
Government Tax
State Tax
Federal Tax
Pay you get when you are fired or laid off from a job.
security
solid
severence
social
The total paid to an employee each pay period is....
net pay
gross pay
goat pay
grumble pay
What are voluntary deductions?
state taxes
local taxes
amount of money an employee has agreed to withhold
federal taxes
How many times are you paid in a year, if you are paid bi-weekly?
12
52
26
24
money other than taxes subtracted from gross pay
F.I.C.A.
Deductions
Medicare
Retirement
Set length of time (typically weekly, bi-weekly, or monthly) over which employee time is recorded and paid
pay period
pay bills
pay me
pay stub
A document showing an employee’s wages and deductions is an
pay paper
pay roll
pay stub
pay pal
True or False. Employees pay taxes on their net pay.
True
False
Net pay is also called
take home pay
pay pal
gross pay
my pay
How many times are you paid in a year if you are paid weekly?
26
12
24
52
EI stands for
employment increase
electronic images
excellent ice cream
employement insurance
Net pay is the ....
amount of pay an employee recieves after all deductions .
amount of pay the employee can spend on fish at the market
amount of pay an employee gives the CRA
amount of money an employee gets paid overall
Bonus is.....
regular pay
retirement money
money given that is extra for good merit or job well done .
part of a
True or False. Hourly employees are paid an annual salary.
False
True
A federal tax that supports elderly, disabled, or orphaned citizens.
disable tax
social security tax
old tax
state tax
: Services or privileges that an employer provides in addition to the employee’s salary or wages
insurance
statement
benefits
retirement
What is Federal tax?
voluntary tax
state tax
401K
tax you pay the federal government
A retirement savings plan to which contributions are made by the employee and employer and are invested
savings
pension
F.I.C.A.
401 (k)
Payroll means...
The total record of earnings of all employees for a year
The financial records of a company relating to the payment
The amount of money paid to all employees in a payday, as
All of these answers are correct
EFT stands for
electronic funds trip
electronic funds transfer
electronic funds taker
electronic funds tracker