Calculations
Anna worked 33 hours last week. Her hourly rate is $7.31. What is her gross pay?
What is $241.23?
What is the word that goes with this definition?: money available to spend or save after taxes have been paid.
What is Disposable Income?
What is the word that goes with this definition: pay received for hours worked in addition to regular hours?
What is overtime pay?
True or false: Is minimum wage based on the cost of living?
True.
Gross pay is
(A) the amount of your pay after deductions are subtracted
(B) also referred to as take home pay
(C) the amount of money you have available to spend
(D) your total salary or wages earned during a pay period
What is D: Your total salary or wages earned during a pay period?
William worked 55 hours last week. His hourly rate is $9.80. What it was his gross pay?
What is $612.50?
What is the word that goes with this definition: An account into which employees voluntarily contribute a portion of their earnings for their retirement.
What is a 401K plan?
Which of the following is a form of unearned income (A) Wages
(B) Salaries
(C) Interest earnings
(D) Tips
What is C: Interest earnings?
True or False: If you’re injured, do you always get worker’s comp?
False: The injury has to happen on the job.
What is the word that goes with this definition: A tax that pays for medical care?
What is Medicare tax?
Dan has a salary of $2300 per month. He has federal income tax withheld at the rate of 17%, Social Security tax at the rate of 5.2%, Medicare taxes at the rate of 1.25% and health insurance premiums of $95 per month. What is his net pay?
What is $1,665.65?
What type of income would you use to buy the Fortnite Battle Pass?
How is commission typically calculated
(A) As a flat fee
(B) fixed salary amount
(C) based on hourly wages
(D) A percentage of sales made
What is D: A percentage of sales made?
True or False: Do you calculate 401k contribution first when calculating net pay?
True.
Which of the following is considered an entitlement program
(A) unemployment compensation
(B) Social Security tax
(C) workers compensation
(D) veterans benefits
What is Social Security tax?
Alexander has a salary of $1800 per month. His computed hourly rate is 13.75 per hour. He worked an additional 11 overtime hours. He has federal income tax withheld at the rate of 14%, Social Security tax at the rate of 6.7%, Medicare taxes at the rate of 1.30% and health insurance premiums of $75 per month. What is his net pay?
What is $1,505.97?
What Percentage does the IRS take of your 401K if you were to take it out early?
What is 10%?
Which of the following is an example of a perk often offered by employers to their employees?
(A) profit sharing
(B) tuition reimbursement
(C) stock options
(D) Health savings account
What is C: stock options?
True or False: Does a W-4 verify eligibility to work in the U.S?
False: It is a I-9 form
Are workers compensation laws set by the federal government, yes or no?
What is yes, workers compensation are set by the federal government?
Sally has a salary of $3000 per month. His computed hourly rate is 9.70 per hour. He worked an additional 13 overtime hours. He contributes 5% of his paycheck to a 401K savings plan and a federal income tax withheld at the rate of 10%, Social Security tax at the rate of 4.7%, Medicare taxes at the rate of 1.45% and health insurance premiums of $75 per month. what is his net pay?
What is $2,465.41?
Juan mows your lawn, and you don’t have any cash to pay him directly. So, you pay him with a pair of Jordans. What kind of payment is this called?
What is In-Kind Payments?
What is it called when you sell stock, and the income gained is more than you originally paid for?
What is Capital Gain?
True or False: The deadline for filing taxes is April 25
False: The data is April 15th
What is the word that goes with this definition: A benefit that allows employees to share a portion of the profits of the business?
What is profit sharing?