
Paycheck Frequency and Pay Periods Flashcard
Flashcard
•
Life Skills
•
9th Grade
•
Practice Problem
•
Hard
Wayground Content
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10 questions
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1.
FLASHCARD QUESTION
Front
How frequently does Hope receive a paycheck? Options: Daily, Weekly, Twice Per Month, Monthly
Back
Twice Per Month
2.
FLASHCARD QUESTION
Front
Assuming that Hope receives a paycheck at regular intervals similar to the stub shown, how many pay periods has Hope had year-to-date (YTD)?
Back
9
3.
FLASHCARD QUESTION
Front
Which statement below accurately describes Hope’s gross wages? Gross wages are calculated by multiplying Hope’s hourly rate by the number of hours she worked, Gross wages are Hope’s fixed salary, which she receives for every pay period, Gross wages are calculated by subtracting all of Hope’s deductions from her gross income, Gross wages are how much Hope has earned over the course of the entire year
Back
Gross wages are calculated by multiplying Hope’s hourly rate by the number of hours she worked.
4.
FLASHCARD QUESTION
Front
What was the largest deduction for this pay period? Options: FICA Medicare Tax, FICA Social Security Tax, Federal Tax, NC State Tax
Back
Federal Tax
5.
FLASHCARD QUESTION
Front
Look at the lines that say HEALTH, DENTAL, and RETIREMENT. Which statement below is accurate?
Back
Those lines represent insurance and retirement plans that Hope funds directly from her paycheck.
6.
FLASHCARD QUESTION
Front
What was the TOTAL amount deducted from Hope's latest paycheck?
Back
$315.21
7.
FLASHCARD QUESTION
Front
One of Hope’s coworkers quits, and during the next pay period Hope works 60 hours instead of 40 to help cover the shifts. Which of Hope’s deductions will definitely change as a result?
Back
Her Federal tax
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