Set amount of money earned per year or for a fixed amount of time
What is Salary
100
$7.25
What is the Federal Minimum Wage
100
Health, Dental, Vision are examples of this.
What is Insurance
100
Amount of net income that can be taxed after allowable deductions. Based on Earned Income, Unearned Income, and Gross Income
What is Taxable Income
200
Employee earnings paid by the hour, day or item
What is wage
200
This piece of legislation says there should be equal pay for equal work; prevents discrimination against women, minorities, and older workers
What is the Fair Labor Standards Act (FSLA)
200
401K, IRA, 504B, Roth are examples of this.
What is Savings and Retirement or Investment Accounts
200
State and local tax added to the purchase price of products.
What is Sales Tax
300
Fixed percentage or amount of profit given to an employee in exchange for making a sale
What is Commission
300
After 40 hours in a week your hourly pay must be this.
What is Time and a Half
300
Vacation, Holidays, Sick Leave, and Maternity are examples of this.
What is Paid Time Off
300
Tax imposed by federal and state governments on specific goods. (ex. gas, cigarettes, tires)
What is Excise Tax
400
Money paid in addition to regular pay; meet certain goals or perform a job especially well
What is Bonus
400
This type of employee is engaged in an occupation in which they customarily and regularly receive more than $30 a month from customers and a minimum wage of $2.13/hour.
What is a Tipped Employee
400
A variety of non-cash payments are increasingly being used to attract and retain talented employees are examples of this.
What are Fringe
400
Tax for land and buildings that is based on their value. Generally the state and local government receives this money to fund local projects and schools.
What is Property Tax
500
Money given to an employee by customers for a job well done
What is Tips
500
A minimum wage of not less than $4.25 may be paid to employees under the age of 20 for their first 90 consective calendar days of employment with any employer as long as their work does not displace other workers. After the 90 days, or the employee turns 20 (whichever comes first) they must be paid the federal minimum wage.
What is Youth Wage
500
Replaces all or part of the income that is lost when a worker is unable to perform their job because of illness or injury is this type.
What is Disability
500
Tax imposed on the percentage of value of a gift. In WI you can receive $10,000 and not be taxed.