Pay
Being paid this method involves hours worked and an hourly rate paid
What is hourly wage?
Without an extension, taxes are due.
What is April 15th?
This is your pay BEFORE taxes and other deductions are taken out.
What is Gross Pay?
T/F Medicare and Social security are mandatory deductions.
What is true?
This type of pay does not factor in hours, fixed rate of pay is involved
What is salary?
At what point does a person start paying taxes?
What is "when you start a job"?
This is the total about of pay you've received since January 1.
What is YTD (net pay)?
This form proves you can work in the USA.
What is an I-9?
The rate you get paid for overtime is _____ times your regular hourly wage
What is 1.5?
What is January 31st?
All items that are subtracted off your paycheck
What are deductions?
T/F The more allowances you claim, the less you will pay in Federal taxes.
An hourly employee gets paid overtime after how many hours of work in a week?
What is 40 hrs?
You complete this tax form for withholding when you start a job.
What is a W-2?
This is your actual take-home pay amount, after all taxes and deductions.
What is net pay?
You work 43 hours in one week and earn an hourly wage of $10. How much is your gross pay?
What is $445?
(40 x $10)+(3 x $15) = $445
Your hourly wage is $10/hour. How much will you get paid for 4 overtime hours?
What is $60? ($10 x 1.5 x 4hrs)
Dexter gets $50,000 a year and is paid semi-monthly, Samantha gets $50,000 a year and is paid bi-weekly, the person getting the bigger paycheck each time is...
Who is Dexter?
The largest tax out of your paycheck.
What is Federal Income tax?
Claiming these on your W-4 form impacts your paycheck.
What are allowances?
You annual salary is $52,000. What is your bi-weekly pay?
What is $2000?
$52,000/26 wks = $2,000
$52,000/52 wks = $1000 x 2 wks