Boats
Cars
Campers
Trucks
Bikes
100

What term means a deduction is required? 

Mandatory 

100

A dollar amount you earn per hour for doing work is called a 

Wage
100

A yearly set amount of money paid to someone in exchange for work.

Salary

100

These workers are typically NOT paid minimum wage because they get to keep their tips.

Servers

100

A record of the time you start work, the time you leave and any breaks you take is your ____

Time Card

200
The national health insurance program run by the U.S. government is called

Medicare

200

Taxes on income that are collected by the U.S. government to fund national security, highways, education, and many other projects. 

Federal Income Taxes

200

Overtime wages are typically calculated at this rate.

1.5 times the regular wage

200

The amount you earn prior to any deductions being subtracted is your _____

Gross pay

200
How many hours per week must one work before receiving overtime pay. 

40 hours

300

Amounts subtracted from your gross pay (can be mandatory or voluntary) are called ________

Deductions

300

These taxes are used to fund local police departments, schools, county and city roads, and other local services

Local taxes
300

Federal Income Taxes must be filed by this date.

April 15

300

When you start a new job, you will be asked to complete this form which will determine how much of your income will be withheld for taxes

W-4 Form

300

What is it called when your employer transfers your pay electronically into your checking or savings account. 

Direct Deposit

400

Who must pay the Unemployment Taxes collected by the government? 

Employers

400

Gross pay minus all of your deductions is known as your ____

Net pay or Take home pay

400

Money that you donate to charitable organizations is called a _______

Contribution

400

This provides you with protection against loss that may occur in certain situations (like home, auto, life, etc.)

Insurance

400
The social insurance program run by the U.S. government to provide benefits to retired workers, the disabled, and other qualified persons

Social Security

500

If you are self-employed, you will pay this percent of your income for Social Security taxes.

12.4%

500

Social Security taxes are also known as _____ taxes

FICA

500

If you work for someone else, this percent is deducted from your paycheck for Medicare taxes

1.45%

500

If you are self-employed, this percent is deducted from your paycheck for Medicare taxes.

2.9%

500

If you work for someone else, this percent is deducted from your paycheck for Social Security Taxes

6.2%

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