ch1 vocab
Things workers can do
What are Job Skills?
Biweekly pay has this many pay periods
What is 26?
People buy fewer goods and services when this is slowing down
What is an economy?
Do this to find salary per pay period
What is divide annual salary by pay period/schedule?
What is an excise tax?
A Charge for instruction at school
What is tuition?
Weekly pay has this many pay periods
What is 52?
What are work and save, loans and grants, and or scholarships?
These taxes come out of each paycheck (need all 3)
What are social security, medicare, and federal income taxes?
Taxes on items not necessary for living (cars, etc.)
What is a luxury tax?
A plan based on values and desired outcomes
What is a goal?
Semimonthly pay has this many pay periods
What is 24?
Minimum wage in Missouri
What is $12.00?
How overtime is calculated?
What is Time and a half or times 1.5?
FINAL JEOPARDY!!!!!!!!!!!!!!!!!!!!
The sales tax rate in Jefferson County, Missouri (where you likely live and attend school)
What is 7.36%?
A principle that effects the worth you place on an idea or action
What is a value?
Monthly pay has this many pay periods
What is 12?
The amount of hours that overtime starts
What is over 40?
What are Hard Skills?
Money paid for the use of money
What is interest?
If you have been paid 26 times in 26 weeks, you are on what pay schedule?
What is a weekly pay schedule/period?
The two types of unearned income
The formula to calculating net pay
What is gross pay minus deductions?