Pay Periods
How many times a year does a person get paid if they are paid semi monthly?
24
What is the social security tax for a person who makes $54,000 a year at 6.2% tax rate?
$3,348
A realtor sells a $589,000 house and makes a 4% commission. What is their commission?
$23,560
True or false: All jobs have maternity leave as a benefit.
false
What is the usual overtime rate?
1.5 times regular hourly wage
What are biweekly pay periods?
What is the medicare tax for somebody who made $1,483,940 for one year at 1.45% tax rate?
$21,517.13
An author makes 5% royalties of total sales. If she sells 4,000 books for $40 each. What does she make in royalties?
$8,000
How many hours a week is considered full time?
40
You worked 38 hours last week and make $10.20 an hour. What did you make last week?
$387.60
How many times a year does a person get paid if they are paid monthly?
12
The maximum taxable income for 2024 is $168,600. If you made $201,000 this year, what is your social security tax at 6.2%?
$10,453.20
Which of the following jobs does NOT make commission: realtor, author, salesperson, attorney
attorney
How many hours a month do you work if you work 40 hours per week?
160 hours per month
What is the overtime rate for somebody who makes $12 an hour for regular hours?
$18/hour
If you make $5,678 each pay period, how much do you make a year if you are paid weekly?
$295,256
You paid $4,598 in social security taxes and $1,392 in medicare taxes this year. How much do you pay in FICA taxes?
$5,990
Anthony makes $2,000 a month plus what me makes from commission. What does Anthony make if he sels $12,900 work of supplies at a 4% commission?
$2,516
Liza makes $800 weekly, and Sandra makes $1,000 semi monthly. Who makes more money per year, and how much more?
Liza makes $17,600 more than Sandra.
What is your overtime pay if you work 65 hours one week and usually make $13 an hour?
$292.50
How much is on one paycheck for an employee that makes an annual salary of $78,000 and gets paid biweekly?
$3,000
The maximum taxable income for 2024 is $168,600. If you make $201,000, how much do you pay in medicare?
$2,914.50
Anna has been working at her current job for 7 years and 2 months. She receives 2 sick days per month of Paid Time Off. She also gets 1 week of vacation (5 days) at her yearly anniversary. Anna has used a total of 19 vacation/sick days. How many does she have remaining?
102
If an employee works 52 hours one week and usually makes $14 an hour, how much money do they make in total?
$812