Payroll

Hourly/ Salary pay

100

Mark works as a representative and is paid $9.10 per hour. He worked 38 hours last week. What is Mark’s gross pay?

What is $345.80

200

Allie is paid $570 a week. How much is her gross pay for 4 weeks of work?

What is $2280

300

If you work 40 hours a week all year round and are paid $10.75 an hour, what is your yearly gross pay?

What is $24,080

400

Mark is paid $680 a week. How much is his gross pay for 3 months of work?

What is $8,160

500

You make a weekly salary of $790 a week and your spouse makes a bi-weekly salary of $1,060. What is the total annual gross income for you and your spouse?

What is $73,920

Regular and Overtime Pay

100

How do you compute overtime?

1.5 times regular pay for hours worked over full time

200

If you are paid a regular hourly rate of $9.55, what is your overtime rate?

What is $14.33 and $19.10

300

Henry is paid on an 8-hour work day, he works these hours Monday through Friday: 9, 10, 8.5, 11, 7.5 and is paid $11.25 an hour any hours over 8 is double time. What is his gross pay?

What is $590.63

400

Henry is paid on an 40-hour work week, he works these hours Monday through Friday: 10, 10, 7.5, 9, 8.75 and is paid $15.45 an hour. What is his gross pay?

What is $739.67

500

Grant is paid time-and-a-half for any hours worked over 40 hours and double-time for any hours over 50. If he worked 53 hours and is paid $21.10 an hour. What is his gross pay?

What is $1,287.10

Deductions

100

The tax that is 6.2% of gross income

What is Social Security tax

200

Tax that helps pay for medical benefits for retirees

What is medicare tax

300

FICA tax comprised of these two taxes

What is Social Security and Medicare

400

You make $467.29 in gross wages. How much money will be taken for FICA?

What is $35.75

500

You earned $426 gross pay. Federal withholding is $40 and state is $12. Find the FICA tax. Your health insurance premium is $7, and your retirement plan is $20. What is your net pay?

What is $314.41

Key Terms

100

Net Pay

The amount of money you take home

200

Deduction

Money that is withheld from gross pay

300

This term means you do not receive overtime pay

Exempt

400

The number of exemptions claimed

Allowances

500

The amount of money you pay before insurance covers a portion (not including preventative care)

Deductible

Forms

100

Form that verifies right to work in US

What is I-9

200

Georgia income tax withholding form

What is G-4

300

Your federal withholdings come from this form

What is W-4

400

Each dependent claimed on your W-4 counts as this much money

What is $2,000

500

The three forms you must fill out upon starting a new job

W-4, State withholding form/G-4, I-9