Define
Key Words
Fill in the Blank
Identify
Examples
100
salary
another word for pay or wages
100
money taken (for taxes or insurance)
deductions
100
States collect ________________ to provide schools and other services.
state income tax
100
all workers who belong to a union must pay
union dues
100
$7.50/hour
salary
200
union dues
what all union workers must pay
200
deduction to the federal government
federal withholding tax
200
Paid health insurance and paid sick days are examples of ___________ benefits.
fringe
200
Money that is collected from employers by the state and made available under certain conditions to the unemployed is called ________________.
unemployment compensation
200
sick pay and paid vacation
fringe benefits
300
overtime pay
what an employee may receive after working over 40 hours in a week
300
number of days, weeks, or months an employee is paid for
pay period
300
An abbreviation for Federal Insurance Contributions Act is ________.
FICA
300
The Federal Insurance Contribution Act makes it possible for a person to receive Social Security benefits when he or she retires or becomes disabled. This is made possible by ___________ paid by the employee and employer.
FICA/Social Security tax
300
paid for working 45 hours in a week
overtime pay
400
net income/pay
take home pay; money received after all deductions have been taken
400
money to the unemployed
unemployment compensation
400
People who work at a company longer than others receive ___________ benefits.
seniority
400
the number of days, weeks, or months an employee works before being paid
pay period
400
Most people are payed every two weeks. This is an example of a ___________.
pay period
500
gross income/pay
total amount of money earned before deductions
500
special rights or favors for employees who have worked longer
seniority benefits
500
___________ income/pay is the total amount of money before deductions.
Gross
500
In order to have the money needed to provide schools and other services, some states collect __________.
state income tax
500
A retired or disabled person may receive benefits due to this.
FICA/Social Security tax