This form determines the amount that your employer will withhold from your paycheck
What is a W-4?
100
Time worked beyond the regular hours (40 hours)
What is overtime?
100
The place you would go to determine how much should be withheld for federal taxes
What is the federal tax table?
100
An employer-sponsored retirement savings plan
What is a 401(k)?
100
The lowest wage that an employer may pay an employee as established by the Fair Labor Standards Act
What is minimum wage?
200
This form is a summary of the income you earned during the year and all the amounts that your employer withheld for taxes.
What is W-2 form?
200
The total amount you earn before any deductions are subtracted
What is gross pay?
200
A person who gets paid bi-weekly gets this many paychecks during the year
What is 26?
200
In addition to pay, many employers offer these to their employees to compensate them.
What are benefits?
200
You are only eligibile for unemployment compensation if you lose your job under these circumstances
What is through no fault of your own?
300
The purpose of the I-9 form is to verify this
What is an applicant's identity and eligibility to work in the United States?
300
This insurance program pays benefits to workers and/or their families for injury or illness or death that occurs as a result of a job
What is workers' compensation?
300
The legislation that established a minimum wage
What is The Fair Labor Standards Act?
300
For government employees, an employer may sponsor this type of retirement savings plan
What is a 403(b)?
300
This act established a national social insurance program that provides federal aid for the elderly and disabled.
What is the Social Security Act?
400
This number is your permanent work identification number and is required on all forms that the employee completes.
What is a Social Security number?
400
When an employee is entitled to the full retirement account, he or she is considered this
What is vested?
400
Gross pay minus deductions equals this
What is net pay?
400
Money offered to employees to encourage employees to strive for higher levels of performance
What is incentive pay?
400
A person who gets paid semi-monthly receives this many paychecks during the year
What is 24?
500
If you are a minor, you will need this to work in most states.
What is a work permit?
500
The process of negotiating a work contract for union members
What is collective bargaining?
500
These four deductions are required by law
What are Federal Taxes, State Taxes, Social Security and Medicare?
500
You elect to deduct 3% of your gross pay and put it in your 401(k) account, and the employer also contributes an additional 3% into your 401(k) account. This is an example of this type of benefit.
What is a matching 401(k) contribution?
500
The higher the number the allowances that you claim on your W-4, the ________ the amount that your employer will withhold for taxes.