A length of time for which an employee's wages are calculated.
What is pay period?
100
Money subtracted from total money earned in a pay period.
What are deductions?
100
The largest percentage paycheck deduction.
What is federal withholding tax?
100
Two forms a person must fill out when beginning a new job.
What is W-4 and I-9?
100
One or two page summary of your education, training, experience, and qualifications.
What is a resume?
200
The most common method of paying employees.
What is paycheck?
200
Hospital and medical insurance for the elderly and disabled.
What is medicare?
200
Government organization that writes the tax laws.
Who are the US Congress?
200
Determines if a person is eligible to work in the US.
What is I-9?
200
Commitment to work in a field that you find interesting and fulfilling.
What is a career?
300
The amount paid after all deductions are subtracted.
What is net pay?
300
Combined deduction for social security and medicare.
What is FICA?
300
Approximate percentage of an paycheck deducted for taxes.
What is 31%?
300
A person who relies on another taxpayer for financial support.
What is dependent?
300
Sent to a possible employer to highlight specific strengths on your resume.
What is a cover letter?
400
Three ways an employee can be paid.
What are paycheck, direct deposit, and payroll card?
400
Amount of taxes withheld to held in funding government agencies in the state.
What is State Withholding Tax?
400
Steve works a 40 hour week earning $15 an hour. Given that social security is 6.2%, his deduction is.
What is $37.20?
400
Reductions in a persons taxes on a W-4 form.
What are allowances?
400
Three main factors that influence future job opportunities.
What are population, labor force, and demand for goods and services?
500
Another name for the Electronic Funds Transfer Act.
What is Regulation E?
500
Three main responsibilities of the IRS.
What are collect federal taxes, issue regulations, enforce tax laws?
500
Beverly earns a salary of $36000 a year. She gets paid twice a month. Given that Medicare is 1.45%, her contribution each paycheck is.
What is $21.75?
500
Three examples of documentation required to complete an I-9 form.
What are drivers license, birth certificate, work visa, social security card, passport?
500
Bob is offered a job in Portland making $60000 a year. He is currently working in Seattle making $50000 a year. Portland has an index of 128 and Seattle is 110. Bob should...
What is take the job in Portland?
($51, 562.50 spending power in Portland)
($58, 181.82 spending power in Seattle)