Types of Banks
This financial institution does not pay federal income taxes
What is a Credit Union
Transactions that are conducted electronically via the Internet is ________________ banking.
What is online banking.
What is enumeration at birth?
A fixed payment for work expressed as an annual figure
What is Salary
Payroll deductions are a subtraction from _____ ____.
What is gross pay.
This financial institution exists solely to make money for stockholders
What is a commercial bank
In this type of banking, you would use your cell phone
What is mobile banking
What is 6.2%
Payment for work calculated by multiplying hours worked by pay rate
What is wage
What does the employee fill out that determines how much federal income tax is taken out of their pay?
What is a W-4.
This type of financial institution is owned by a local person
What is a community bank
What makes Direct Deposit possible?
Electronic Funds Transfer (EFT)
President that signed the Social Security Act into Law
What is Franklin D. Roosevelt
Payment for work calculated as a % of sales
What is a commission
Four deductions employers are required, by law, to take out of an employee's paycheck.
What are Federal Income Tax, State Income Tax, Social Security and Medicare.
This type of financial institution is owned by depositors and the earnings of the bank are distributed to the owners, after expenses of bank have been paid
What is a mutual bank
What does ATM stand for?
What is Automated Teller Machine.
What is 40 credits (over 10 years of working)
Payment for work based on how many widgets/items you can produce
What is piece rate
What do the letters FICA stand for?
What is Federal Deposit Insurance Corporation
Term for writing a check for more money that is in your account
What is overdraft.
If a worker dies, benefits paid to worker's family are called?
What is survivor's benefits
Congress passes legislation that can raise this type of wage.
What is minimum wage
What percentage of gross is withheld from your paycheck for medicare?
What is 1.45%