Show Me the Money
The amount of money an employee is paid per hour.
What is a wage?
The normal pay rate plus another half of the pay rate.
What is time-and-a-half?
Total amount of money you earn before taxes and deductions
What is gross pay?
Something that is necessary to survive.
What is a need?
An income tax paid to the state government for that individual state's use.
What is State Income Tax?
The total amount an employee earns per year.
What is a salary?
The rate of pay received if the rate is twice the normal rate.
What is double time?
Total amount of money you take home after taxes and deductions.
What is Net Pay?
Social origin, Place of residence, Work, Hobbies and leisure activities
What are social factors that influence buying decisions?
Money paid to the federal government.
What is Federal Income Tax?
The document part of a paycheck with the written record of withheld deductions and list of wages.
What is a paystub?
The total pay if an employee works for 2 hours of overtime at $17/hr.
What is $731?
The source of pay that varies for a car salesman.
What is commission?
is the use of false or misleading statements and misrepresentation of the product, which may negatively affect consumers.
What deceptive advertising?
Two mandatory withholdings besides taxes.
What is Medicare and social security?
A weekly salary of $879 earns this much per year.
What is $45708?
If you work 57 hours in one week, how many of those hours are considered overtime?
What is 17?
Pay check is electronically submitted into your bank account from your employer.
What is Direct Deposit?
This advertising ploy involves using hidden fees and/or surcharges, which can cause the final price paid by a consumer to be substantially higher than the advertised price.
What is deceptive pricing?
1.45% of taxable income goes to this.
What is Medicare tax?
An amount subtracted from gross income which results in an employee's net income.
What is payroll deduction?
Calculate the net pay if you work 40 hours @ $12.00/hour and deductions are 26%.
What is $355.20?
The same amount of money that is paid to an employee each pay period (mostly biweekly and/or monthly).
What is salary?
Ideals from your family, friends, cultural environment, or society that influence your choices.
What are cultural factors that influence buying decisions?
6.2% of employee taxable income is subject to this.
What is Social Security Tax?