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Paychecks 1
Paychecks 2
Random
Taxes 1
Taxes 2
100
What is direct deposit?
Electronic transfer of payment from employer to employee's account.
100
Name 2 mandatory paycheck deductions.
State tax Fed Tax Ss Medicare
100
What is gross pay?
What is the amount of money earned in a pay period
100
What is a dependent?
What is a person that relies on the taxpayer for financial support
100
Which is higher - gross or net pay?
What is gross pay
200
What does the paycheck stub shows?
Gross pay and deductions for current pay period and year to date.
200
What is the most secure way to be paid?
What is direct deposit
200
What is the pay that the employee takes home? Net or Gross?
What is Net Pay
200
What percentage is taken from gross pay for social security?
What is 6.2%
200
What is net pay?
What is the amount paid after deductions
300
What is Federal Income Tax?
What is the amount withheld from wages from the federal government
300
What is the State Income Tax?
What is the amount withheld to fund government agencies in the state
300
Name 2 forms you need to complete when you first get hired.
I-9, W-4, or IT-201
300
How much of gross pay is withheld for Medicare?
What is 1.45%
300
What is Medicare?
What is insurance for the elderly and disabled
400
What determines the amount of taxes withheld from an employee's paycheck?
What is information written on the W-4 and how much money you make.
400
What is the difference between a wage and a salary?
A salary is a fixed amount of money for a given period and a wage is paid hourly.
400
Name 3 pieces of ID that can be used for identity verification.
SS card, license, school ID, passport, birth certificate
400
What two forms does everyone complete when beginning a new job?
What is W-4 and I-9
400
What are the two deductions under the FICA heading?
What is social security and Medicare
500
What is the I-9 form?
What is The Employment Eligibility Verification Form
500
Which deduction is the highest percentage of paycheck deductions?
What is Federal Income Tax
500
Describe what social security taxes are used for.
monthly payments to retirees and those who are disabled
500
Give two examples of od documentation for the I-9 form
What is birth certificate, driver's license, passport, or social security card
500
What does FICA stand for?
What is the Federal Insurance Contribution Act