Vocab
Paid vacation and holidays are given by employers.
What is employee benefits?
A reward for hard and quality work.
What is merit increase?
Find state taxes paid.
Annual wage $25,690
State tax 4.2% on the first $7000 of an employee's annual wage
What is $294?
Expense employers face when employees are in training during working hours.
Income prior to deductions.
What is gross income?
Employers pay for transportation, lodging, and meals.
What is travel expenses?
Find recruiting total.
Advertising expenses $1,540.23
Interview cost $432.98
Hiring cost $976.54
What is $2,949.75
Amount employee pays.
Annual premium $3,160
Employer pays 70% of the cost
What is $948?
New hourly rate.
Earns $10.70 an hour
Receives merit increase of 4.5%
What is $11.18?
Medicare and Social Security are based on this tax income.
What is gross income?
Benefits an individual who misses work due to illness or injury.
What is disability insurance?
Find new salary.
Current salary $43,900
Cost-of-living adjustment $1,756
Merit increase $0
What is $45,656?
Total amount paid.
$10 per co-pay physician visit
$15 co-pay physical therapy visit
$300 annual deductible
12 physician visits, 20 physical therapy visits
What is $720?
Find the amount of disability benefit.
Years worked 31
Disabled age 59
Expected retirement 70
Final salary $65,285
Rate of benefit 2.0 %
What is $54,839.40?
This amount is the cap for Social Security tax.
What is $84,900?
Raises an employee's salary based on economic factors.
What is cost-of-living adjustment?
Find new salary.
Current salary $48,214.00
Cost-of-living adjustment 4.2 percent
Merit increase 2.9 percent
What is $51,637.19
$60,000 5-year life insurance policy
$14.10 per $1,000 annual premium base
What is $846?
Find profit or loss of investment.
Own 70 shares of stock, paid a total $4,472
Sold stock for $84 per share
Paid sales commission of $50
What is $1,358 profit?
Find net pay. Gross pay $432.75
Federal withholding $20
Social Security
Medicare
State tax $10.82
Medical insurance $21
Savings $30
What is $317.83?
Table of wages or salaries used to compare various jobs.
What is salary scale?
Find the total cost of travel expenses.
Airfare $345
4-day car rental $24.25 a day
Fuel charge $16
Hotel $429.60
Meals $84.38
What is $971.98?
Find the annual disability benefit.
Years worked 16
Age 49 years
Retire anticipation age 60
Final salary $42,417.80
Rate of benefits 2.1%
What is $24,050.89?
$0.32 per mile, 185 total miles
$89.50 hotel
$28 meal allowance per meal, three meals
$125 registration fee
What is $357.70?
Find weekly net pay. Annual pay $36,000.
Federal withholding $75
Social Security
Medicare
State tax 1.5% gross earnings
Local tax 1.25% gross earnings
Medical insurance pay 25% of $4,200 annual cost
What is $525.13?