Types of Pay
PAYDAY
Misc.
Pay Stubs
200
Being paid for what you sell.
What is commission?
200
If you receive 26 paychecks in a year you are paid this way.
What is bi-weekly?
200

This common acronym is found on pay stubs, and refers to the federal program that benefits retired citizens, and is funded by a specific payroll tax.

What is FICA (Federal Insurance Contributions Act?)?

200

The total amount of money an employee earns during a pay period before deductions, such as taxes and insurance.

What is Gross Pay?

300
Being paid this method involves hours worked and an hourly rate paid
What is hourly wage?
300
When you receive 24 paychecks a year you are paid this way.
What is semi-monthly?
300

This is your actual take-home pay amount, after all taxes and deductions.

What is net pay?

300

Also known as "take-home pay," this is the actual amount of money an employee receives in their bank account after all deductions are subtracted.

What is Net Pay?

500

True or False: Employees cannot receive base salary

What is False?

500
If you get 12 paychecks a year you are paid this way.
What is monthly?
500
The largest tax taken out of your paycheck.
What is the federal income tax?
500

The specific date found at the top of a paystub, where an employer issues the payment to the employee.

What is the Pay Date?

700

Being paid extra for positive service

What is tip-pay?

700
If you get 52 checks a year you are paid this way.
What is weekly?
700
The FICA tax pays for these two programs.
What is social security and medicare?
700

A manager earns $24 per hour for a standard 40-hour week. During a busy week, they work 52 hours. If overtime is 'time and a half' for hours 41-50 and 'double time' for any hours over 50, what is their total gross pay

How much is $1,416?

900

A sales associate earns a base salary of $300 per week plus a 5% commission on all sales. If they sell $4,000 worth of merchandise in one week, what is their total gross pay?

How much is $500.00?
900

An employee has an annual salary of $48,000 and is paid bi-weekly. What is their gross pay for a single pay period?

How much is $1,846.15?

900

Many employers offer a paperless way of payment, which has the employee's net pay transferred electronically into their bank account.

What is a Direct Deposit?

900

An employee has a gross pay of $5,000. They contribute 10% to a 401(k) (pre-tax) and pay $300 for health insurance (pre-tax). If the federal tax rate is 22% of the taxable income, how much is withheld for federal tax?

How much is $924.00?

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