Getting Paid Vocab

Front

Which of the following represents the actual amount of money you get to take home? Commission Pay, Net Pay, Hourly Pay, Gross Pay

Back

Net Pay

Front

Which of the following represents the actual amount of money you get to take home? Commission Pay, Net Pay, Hourly Pay, Gross Pay

Back

Net Pay

Front

Which of the following levels of education is generally considered to take around 4 years to complete? Associates Degree, Masters Degree, Doctoral Studies, Bachelor's Degree

Back

Bachelor's Degree

Front

How many hours are generally considered to be full time employment? Options: 20 Hours a week, 25 hours a week, 30 Hours a week, 40 hours a week

Back

40 hours a week

Front

Which way to get paid is the LEAST stable income source (varies the most from pay period to pay period)? Options: Commission, Piece Work, Hourly, Salary

Back

Commission

Front

What is a dependent?

Back

a person the government gives you a tax break for because you are supporting them financially

Front

What is a dependent?

Back

a person the government gives you a tax break for because you are supporting them financially

Front

Employees who are paid biweekly receive ______________ paychecks per year.

Back

26

Front

FICA is comprised of two different parts… what are they?

Back

Medicare and social security

Front

Determines the amount of federal withholding tax from an employee's paycheck

Back

W4 Form