A state may set a minimum wage rate __________ than the federal law allows but they may not set it __________.
What is "higher" and "lower"?
100
Alcohol, tobacco and gasoline have this kind of tax.
What is "excise"?
100
The form used by employees to list their exemptions is the _________________.
What is "W-4"?
100
Interest income is a form of ______________ income.
What is "unearned income"?
100
______________ is a medical insurance program for retired people.
What is "Medicare"?
200
____________ workers do not keep time cards or count how many hours they worked.
What is "salaried"?
200
Owning a small business involves hard work and ____________ risk.
What is "unlimited" or a similar term?
200
When you meet someone who interests you because of the business they are in and you develop a relationship based on that interest, it is called _________________.
What is "networking"?
200
These things provide an employee with emotional satisfaction or social status rather than money.
What are "perks"?
200
This type of insurance is usually cheaper through your employer because there are a lot of people covered.
What is "health"?
300
Government goods and services are paid for with ____________ dollars.
What is "tax"?
300
The amount left after all costs are deducted from the income of a business is called _____________.
What is "profit"?
300
A retirement plan contribution is considered this type of deduction from a worker's paycheck.
What is "optional"?
300
These are three examples of employee pay without work.
What is "vacation days", "holidays", "sick leave days" or "personal days"?
300
Overtime pay is equal to ___________ times regular pay.
What is "1 1/2"?
400
__________________ minus taxes and other deductions equals net or "take-home" pay.
What is "gross pay"?
400
Money shared with stockholders that is a form of unearned income is called ________________.
What is "dividends"?
400
Food stamps is a type of _____________ government transfer payment.
What is "in-kind"?
400
A company program that benefits the company because the worker acquires better skills or more knowledge is _______________.
What is "education reimbursement"?
400
A benefit that pays to workers who are injured on the job and families of workers who are killed on the job is __________________.
What is "worker's compensation"?
500
The more _______________ a worker claims, the less tax is withheld from their paycheck.
What is "exemptions" or "dependents"?
500
This required deduction is withheld by the government and provides a system of old-age, survivors and disability income.
What is "Social Security tax"?
500
This is the number of the form which is used to verify employment eligibility.
What is "I-9"?
500
A simple federal tax return form designed for use by single and joint filers with no dependents is ______________.
What is "1040EZ"?
500
The biggest advantage to a flexible spending arrangement is that the money you set aside is _____________.