Vocab
WPR skill: Negotiates diplomatic solutions to interpersonal and workplace issues.
Conflict Resolution
Kory worked 46 hours last week. His hourly rate is $11.20. He has the following deductions
taken from his pay: federal income tax at the rate of 10%, social security tax at the rate of 6.2%,
Medicare tax at the rate of 1.45%, health insurance premiums of $12, and union dues of
$8.50. What was his net pay?
$431.43
What percentage is the Social Security Tax?
6.2%
Stanley worked for 36 hours at a pay rate of $9.50/hour. What is his gross pay?
$342
What is a resume?
Document used to present a person's background, skills, and accomplishments.
A member owned financial cooperative, controlled by its members
Credit union
Zach works for a salary of $1,986 per month. He has federal income tax withheld at the rate of
15%, social security tax at the rate of 6.2%, Medicare tax at the rate of 1.45%, and health insurance premiums of $25 per month. Zach also contributes to a savings plan. Each month, 2% of his gross pay is placed in the plan. What is his net pay?
$1,471.45
What does the government do with the tax money they collect
Pay for military, funding public education, building roads etc.
Franklin worked for 40 hours at a pay rate of $5/hour. What is his pay rate?
$200
What is a cover letter?
A letter which is meant to help persuade the employer to hire you for the job.
WPR skill: Understands one's role in fulfilling the mission of the workplace and considers the social, economic, and environmental impacts of one's actions.
Big picture thinking
Sam works for a salary of $3,600 per month. His computed hourly rate of pay is $15.45
per hour. Last month, he worked for 16 paid overtime hours. He has federal income tax withheld at the rate of 15%, social security tax at the rate of 6.2%, Medicare tax at the rate of 1.45%, and health insurance premiums of $85 per month. What was his net pay?
$2,986.48
What percentage of taxes is Medicare Tax?
1.45%
Angela worked for 43 hours at a pay rate of $10.50/hour. What is her gross pay?
$467.25
How should someone dress for an interview?
In "Business" or "Professional" attire.
Eligible expenses that individuals claim on tax returns to decrease the amount of their income that can be taxed.
Itemized deductions
John worked 43 hours last week; his hourly rate is $9.00. He has the following deductions taken
from his pay: social security tax at the rate of 6.2%, Medicare tax at the rate of 1.45%, health
insurance premiums of $15.00, and 401(k) contributions of 5% of gross pay. John also has
federal income tax withheld at the rate of 10%. Federal taxes do not apply to the 401(k)
contribution. What was his net pay?
$298.31
What are two examples of the FICA taxes?
Medicare Tax and Social Security Tax
Mr. Trucker worked 45 hours at a pay rate of $11/hour. What is his gross pay?
$522.50
How long should a cover letter be?
A cover letter should be no more than a page long.
A type of savings account that can offer a higher interest rate compared to traditional savings but requires a higher minimum balance.
Money Market Account
John worked 51 hours last week; his hourly rate is $9.00. He has the following deductions taken
from his pay: social security tax at the rate of 6.2%, Medicare tax at the rate of 1.45%, health
insurance premiums of $15.00, and 401(k) contributions of 5% of gross pay. John also has
federal income tax withheld at the rate of 10%. Federal taxes do not apply to the 401(k)
contribution. What was his net pay?
$382.81
What is a FICA tax?
Taxes taken from an employee's paycheck to help fund government programs.
Jorge worked 46 hours at a pay rate of $19.78/hour. What is his gross pay?
$969.22
Should personal references be put on a resume?
no.