Salaries and Wages
Commissions and Royalties
Employee Benefits
FICA Taxes
Vocab
100

A job has an annual salary for $110,000. If the job is paid weekly, what is amount of each paycheck? Round to the nearest cent.

$2,115.38

100

A furniture factory pays a piece work rate of $120 per unit produced. If you make 11 pieces of furniture, how much do you earn?

$1,320

100

A company offers 5 days of paid vacation initally, and increases the amount of paid vacation time by 3 days every year an employee works there, up to a maximum of 25 days. How many vacation days would an employee of 5 years have?

20 days

100

The 2025 Social Security tax rate is 6.2% and the Medicare tax rate is 1.45%. The maximum taxable income is $176,100. Determine the total FICA tax for an income of $77,000.

$5,890.50

100

What is the vocab word for a job that pays you 12 times a year?

Monthly

200

A job pays an hourly wage of $13.50/hr. How much is the regular weekly pay if you work 40 hours?

$540

200

Your job pays you a piece work rate of $34.50 per unit produced. How many units do you need to produce to make $500?

15 units

200

A company offers 24 hours of paid vacation a year intially, and icreases the amount of paid vacation by 4 hours every year, up to a maximum of 80 hours. How many hours off would an employee of 11 years have?

68 hours

200

The 2025 Social Security tax rate is 6.2% and the Medicare tax rate is 1.45%. The maximum taxable income is $176,100. Determine the total FICA tax for an income of $190,000.

$13,673.20

200

Most jobs pay you this amount for working overtime

time and a half

300

A job pays an hourly wage of $36.75/hr. How much is the regular biweekly pay if you work 40 hours per week?

$2,940

300

A job pays $12.45 for the first 10 units produced and $15.25 for every unit after. How much money is made if 18 units are made?

$246.50

300

If an employee has a salary of $75,000 and has 3 weeks of paid vacation, how much are they paid during their time on vacation?

$4,326.92

300

The 2025 Social Security tax rate is 6.2% and the Medicare tax rate is 1.45%. The maximum taxable income is $176,100. Determine the total FICA tax for an income of $65,500.

$5,010.75

300

What is the difference between paid time off and paid holiday time?

PTO is when you get to take days off of work and still get paid, Paid Holiday Time is when your work pays you even when nobody works during a holiday

400

A job pays an hourly wage of $21.50/hr. If the regular hours are 40, and overtime is time-and-a-half, how much will the weekly pay be if someone works 45 hours?

$913.75

400

A job pays a 5% commission on the first $15,000 of sales, and 8% of the remaining balance. How much does someone make if they sell $35,500 worth of products?

$2,390

400

A company offers a pension where an employee makes 1% of their average salary of the past five years for every year they worked there. If an employee worked there for 65 years, and had salaries of $65,000, $65,500, $66,000, $66,500, and $67,000, how much would their pension salary be?

$42,900

400

The 2025 Social Security tax rate is 6.2% and the Medicare tax rate is 1.45%. The maximum taxable income is $176,100. Determine the total FICA tax for a job with a weekly pay of $950.

$3,779.10

400

When saving for retirement, what is the most important factor?

TIME!!!!

500

Job A pays $18.60 per hour, and Job B pays an biweekly salary of $1,500. Which job pays more in a year given a regular work schedule?

Job B

500

A job pays a 9.6% commission on the first $2,500 of sales, and 12.5% of the remaining balance. How much does someone make if they sell $9,400 worth of products?

$1,102.50

500

In a state, the weekly unemployment compensation is 70% of the 26 week average for the two highest salaried quarters in the last year. Someones two highest salaried quarters were $15,000 and $16,000. Find the weekly unemployment compensation.

$417.31

500

The 2025 Social Security tax rate is 6.2% and the Medicare tax rate is 1.45%. The maximum taxable income is $176,100. Determine the total FICA tax for a job with a semimonthly income of $4,900.

$8,996.40

500

List 4 examples of a benefit that jobs can offer.

Multiple answers