Income
Vocab
Taxes
Metric Conversions

Benefits and Net Pay
100

Wages + fringe benefits = __________.

What is Total Job Benefits? 

100

A check that has been written out and paid but that the bank has not yet received.

What is an outstanding check?

100

This is the acronym for taxes that are deducted from every US employees pay besides federal taxes. 

What is FICA? 

100

1m=______dm.

What is 10?

100
These are things of monetary value other than wages that are offered by employers
What are fringe benefits or employee benefits?
200
Beverly earns $340 a week and has been given a 10% increase in pay. She now earns _______ per week.
What is $374?
200

This is a wage rate based on the quantity of products produced by an employee

What is piece-rate pay?

200
These are subtractions from gross pay.
What are deductions?
200

340cm=________m.

What is 3.4?

200
_____________ = Total Beneits - Total Expenses.
What are net benefits?
300

Shontaye is a car salesperson. She makes a commission of 6% on all sales. She did $500,000 in sales last year. The amount she earned for commission is _________.

What is $30,000?

300

The phrase used to describe how many an employee makes for overtime hours.

What is time and a half?

300

Jeremy is married and has 4 withholding allowances. If Jeremy made $435.14 last week, he paid _________ in federal income tax? 

What is $18?

300

4km=________m.

What is 4000?

300
Veronica earns a gross pay of $910 a week. Her net pay is $682.50. Her net pay is _______% of her gross pay.
What is 75?
400

Solomon earned a salary of $80,000 last year. This year, his salary increased to $85,000. Solomon’s percent increase in salary is _________. 

What is 6.25%?

400

This is the slip of paper you fill out and give to the bank teller when depositing money into your bank account. 

What is a deposit slip?

400
This percentage of a person's gross income is paid towards social security tax.
What is 6.2%
400

1cm^2=________mm^2.

What is 100?

400

Jack earns gross pay of $45,000 per year. He estimates that his fringe benefits are worth 37% of his gross annual pay. His total job benefits are ___________.

What is $61,650?

500

Emily works at a bank and earns time-and-a-half pay for overtime hours worked. Her regular work week is 38 hours. She earns $19 per hour in wages. Last week, she worked for 45 hours. She earned _______ in overtime pay.

What is $199.50?

500

The amount of money an employee earns after taxes and deductions. 

What is net pay or take-home pay? 

500

Ella’s gross weekly pay is $436. Ella will pay this amount in FICA taxes each week. 

What is $33.35?

500

1.6ha=___________km^2.

What is .016?

500
Timothy earns $450 a week at his job. 35% of his wages go toward federal income taxes, social security and medicare taxes and social security tax and state taxes. His net pay is ________ per week.
What is $292.50?