Taxes
What is the FICA tax rate?
7.65%
What is the difference between Net Pay and Gross Pay?
Net - after deductions
If a regular working week is 40 hours and you worked 46.5 hours, how many hours of overtime did you work?
6.5 hours
Paul’s regular pay is $13.25 an hour. His employer pays overtime at double time. What is Paul’s double time pay rate?
$26.50/hour
What does "www" stand for?
World Wide Web
What is the social security tax rate?
6.20%
Finish the equation the following equation:
Gross Pay - __________ = Net Pay
Deductions
Finish the following equation:________ * regular pay rate = time-and-a-half pay
1.5
If an employee is paid on a per day basis, what type of payment method does his employer use?
Per Diem
What college team has a Blue Devil as their mascot?
Duke
What is the Medicare tax rate?
1.45%
Sharon's gross pay is $146.00. After deductions of 30% what is her net pay?
$102.20
Jan earns $50000/year working for the WRSD. Which of the following choices best describes the payment method WRSD uses to compensate Jan?
WRSD uses a Salary to pay Jan
Fill in the Blank: A _______ is when employees are paid for each item or piece they are produced.
Piece Rate
Who is the lead singer of the band Queen?
Freddie Mercury
Out of the following what is not accounted for when determining someone's withholding tax?
a. Wages
b. Marital status
c. Number of withholding allowances claimed
d. years of experience
d. years of experience
Which of the following below is not an example of a deduction?
a. Retirement benefits
b. Health Insurance
c. Federal Income Tax
d. Benefits
d. Benefits
Mark works as a customer service representative and is paid $9.25/hour. He worked 35 hours last week. Find his gross pay.
$323.75
Out of the following choices listed below, what is NOT a way that companies use to track of time worked?
Verbal
Which letter is representative of 50 in Roman numerals?
L
Out of the choices below what is not a reason that workers can claim a withholding allowance:
a. Spouse
b. themselves
c. their cousins
d. their kids
c. their cousins
What is John's net pay if he earns $8.25 for each hour worked, works 22 hours, and has payroll deductions of 17%?
$150.64
Fill in the blank: Companies record hours in 15-minute segments also known as ____________.
Quarter hours
What is the typical range for calculating tips?
15% - 20%
Which US state is Area 51 located in?
Nevada