Chapter 12 Vocabulary
What is Wage?
What is the amount paid to an employee for every hour worked is called Wage?
What is the rule if you clock in 15 minutes before or 15 after you come to work.
What is
The rule is you round it to the nearest hour?
Name the four steps on calculating hourly employee total earnings.
What is
1 Regular Hours x Regular Rate = Regular Earnings
2 Regular Hours x 1.5 = Overtime Rate
3 Overtime Hours x Overtime Rate = Overtime Earnings
4 Regular Earnings x Overtime Earnings = Total Earnings
How many students in Marketing?
38
What is Salary?
What is a fixed amount regardless of the number of hours worked?
Morning
What is the formulas when calculating employee hours worked?
What is
Departure Time - Arrival Time = Hours Worked
Nearest to the quarter-hour
Name the 4 times employers distribute payroll.
What is
Weekly, Bi-weekly, semi-monthly, and monthly
What high school did Mr. Shuman go to?
What is
B.C. High School
What is the Pay Period?
What is the number of days or weeks of work covered by an employee's payment?
Afternoon
What is the formulas when calculating employee hours worked?
What is
Departure Time - Arrival Time = Hours Worked
Nearest to the quarter-hour
Explain the role of a payroll clerk
What is
Calculate hours and Calculate hourly pay and overtime
What place did Alyaa Mohamed get in the District Competition at DECA for Accounting
What was
4th Place
What are Payroll Taxes?
Describe the overtime rules of the Fair Labor Standards Act.
What is
This act requires most businesses involved in 1 1/2 times the normal hourly rate for hours worked in excess of 40 hours.
What does outsource mean
What is
Business contract another business to do their payroll
How many years has Mr. Torres been teaching?
What is
27 years
What is the withholding allowance?
What is a deduction from total earnings for each person legally called a withholding allowance?
Identify three methods used by modern time clock systems to record employee arrival and departure times
What is
An employee can swipe their name badges, key in personal identification # or press finger on a biometric pad t record their arrival or departure.
What is the average salary for a payroll clerk?
What is
$31,000 - 50,000
How many students in Marketing will graduate this year?
What is
4
Just kidding