Vocab
A device used to record the dates and times of every employee’s arrivals and departures
Time Clock
How do you find the total overtime?
Regular pay + overtime pay
Mr. Scolforo's middle name
Marshall
Extra compensation for working more than the standard number of hours in a workweek
The number of days or weeks of work covered by an employee’s paycheck (usually two weeks)
Pay Period
How do you find total deductions
How many siblings does Mr. Scolforo have
4
What two ways to receive pay from a job?
Direct Deposit, Vouchers Check, and Cash
The payment of an employee’s net pay using electronic funds transfer
Direct Deposit
How do you find social security?
Total pay * 6.2%
Mr. Scolforo is going on a trip to another country when he graduated, what country?
Spain - Barcelona
A federal tax paid for old-age, survivors, and disability insurance
Social security tax
Earnings paid to an employee after payroll taxes and other deductions.
Net Pay
How do you find federal income tax
Marital status, exemptions, and earnings
Mr. Scolforo's favorite musical group growing up...hint early 2000s
Black Eyed Peas
What are the three ways to earn money?
Wage, salary, and commission
A check which has a detachable check stub, or voucher, that contains detailed information about the cash payment
Voucher Check
How do you find net pay?
Total earnings - Total deductions
Mr. Scolforo's favorite sea animal
SHARKS !!!
A deduction from total earnings for each person legally supported by a taxpayer, including the employee
Withholding allowance