Paychecks 1
Paychecks 2
Random
Taxes 1
Taxes 2
100
What is a wage?
Amount paid per hour
100
Name three ways an employee can be paid
What is paycheck, direct deposit, payroll card
100
What is gross pay?
What is the amount of money earned in a pay period
100
What is a dependent?
What is a person that relies on the taxpayer for financial support
100
Which is higher - gross or net pay?
What is gross pay
200
Name 1 voluntary deduction from pay
retirement, union dues, retirement, charity,
200
What is the most secure way to be paid?
What is direct deposit
200
What is the pay that the employee takes home? Net or Gross?
What is Net Pay
200
What percentage is taken from gross pay for social security?
What is 6.2%
200
What is net pay?
What is the amount paid after deductions
300
Name 2 mandatory deductions from pay.
federal tax, state tax, SS, and medicare
300
What is the State Withholding Tax?
What is the amount withheld to fund government agencies in the state
300
The more dependents (allowances) you claim, the less tax is withheld. T or F
true
300
How much of gross pay is withheld for Medicare?
What is 1.45%
300
What is Medicare?
What is insurance for the elderly and disabled
400
What determines the amount of taxes withheld from an employee's paycheck?
What is information written on the W-4 and amount of income
400
If an employee does not have a bank account, they could receive their pay in the form of a ____________ card.
debit
400
What is a paycheck stub?
What is the part of the paycheck that with the written record of deductions
400
What two forms does everyone complete when beginning a new job?
What is W-4 and I-9
400
What are the two deductions under the FICA heading?
What is social security and Medicare
500
What is the I-9 form?
What is The Employment Eligibility Verification Form
500
Which deduction is the highest percentage of paycheck deductions?
What is Federal Withholding Tax
500
Which method of payment is most secure?
direct deposit
500
Give two examples of documentation for the I-9 form
What is birth certificate, driver's license, passport, or social security card, school ID
500
What does FICA stand for?
What is the Federal Insurance Contribution Act
M
e
n
u