What do we call the total amount earned before deductions?
What is gross pay?
What is the federal program that funds Social Security and Medicare?
What is FICA?
If you work 10 hours at $15/hour, what’s your gross pay?
What is $150?
What is the federal law that sets minimum wage and overtime?
What is the FLSA (Fair Labor Standards Act)?
Overtime pay is 1.5× regular rate.
What is True?
The money an employee takes home after taxes is called?
What is net pay?
Which tax is taken out for federal income?
What is federal withholding?
If your gross pay is $1,000 and deductions are $250, what’s your net pay?
What is $750?
True or False: All employees are eligible for overtime.
What is False (some are exempt)?
You don’t have to pay taxes if you’re part-time.
What is False?
What is the form used to report annual earnings and tax withheld?
What is Form W-2?
What form do new hires fill out to determine tax withholding?
What is Form W-4?
An employee works 45 hours a week. What’s the overtime pay for 5 hours at $20/hr?
What is $150 (5 × $30)?
What’s the current U.S. federal minimum wage? (as of 2025)
What is $7.25/hour? (can update if your state differs)
Employers must keep payroll records.
What is True?
What is the process of distributing wages to employees?
What is payroll?
Health insurance premiums are usually considered what type of deduction?
What are pre-tax deductions?
What percentage is Medicare tax withheld?
What is 1.45%?
What government agency enforces wage laws?
What is the Department of Labor?
FICA taxes are paid by employees only.
What is False (employer matches it)?
What do we call a fixed regular payment typically paid monthly or biweekly?
What is a salary?
Which two programs does FICA fund?
What are Social Security and Medicare?
If your annual salary is $52,000, what’s your biweekly pay before taxes?
What is $2,000?
What document shows each employee’s hours and earnings?
What is a pay stub?
Interns are never paid.
What is False (many are paid and subject to payroll laws).