This is an amount of money given for a service provided
What is a tip?
100
This is a form of health insurance (in the United States) that is provided after a person retires.
What is medicare?
100
It has been stated that students from this country do not do homework!
What is Finland?
100
These are things of monetary value other than wages that are offered by employers
What are fringe benefits or employee benefits?
200
Beverly earns $340 a week and has been given a 10% increase in pay. She now earns _______ per week.
What is $374?
200
This is a wage rate based on amounts produced by an employee
What is piece-rate pay?
200
These are subtractions from gross pay.
What are deductions?
200
This was the topic students have become experts in in this class so far.
What is taxes?!
200
_____________ = Total Beneits - Total Expenses.
What are net benefits?
300
Shontaye is a car salesperson. Last year she earned $30,000 on car sales worth $500,000. Her commission rate was ____%.
What is 6%?
300
The amount left after subtracting adjustments to income from gross income.
What is adjusted gross income?
300
Jeremy has a taxable income of $25,000. His employer withheld $612 from his income for taxes. The 2014 tax table shows that he owes $480 in taxes. Jeremy will get a refund of ________.
What is $132?
300
This is the number of students in this class
What is 11?
300
Veronica earns a gross pay of $910 a week. Her net pay is $682.50. Her net pay is _______% of her gross pay.
What is 75?
400
Solomon earns a salary of $80,000 per year. When he travels for work, he makes an average of $1200 a week in per-diem pay in addition to his salary. Last year he spent a quarter of the year traveling for work. He earned a total of _______ .
What is $95,600?
400
This is an amount of income per person that is free from tax
What is an exemption?
400
This percentage of a person's gross income is paid towards social security tax.
What is 6.2%
400
This is the abbreviation for nationwide taxes paid in addition to federal income tax in the United States.
What is FICA?
400
These are amounts taken out of your pay check before taxes are taken out.
What are pre-tax deductions?
500
Emily works at a bank and earns time-and-a-half pay for overtime hours worked. Her regular work week is 38 hours. She earns $19 per hour in wages. Last week, she worked for 45 hours. She earned _______ in overtime pay.
What is $199.50?
500
This is a plan that allows employees to put pre-tax wages into an account that is used to pay for qualified expenses, such as health or life insurance, child care or health care expenses.
What is a cafeteria plan?
500
Hannah is 16 and is living with her parents. She earned a total of $15,000 last year working as a Barista at Starbucks. When she files her taxes this year, she will subtract a standard deduction of __________ from her gross wages.
What is $5450?
500
This is adjusted income less deductions and exemptions.
What is taxable income?
500
Timothy earns $450 a week at his job. 35% of his wages go toward federal income taxes, social security and medicare taxes and social security tax and state taxes. His net pay is ________ per week.