Paychecks
Flashcard
•
Computers
•
12th Grade
•
Practice Problem
•
Hard
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20 questions
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1.
FLASHCARD QUESTION
Front
What is payroll?
Back
Total amount of money paid by a company to its employees
2.
FLASHCARD QUESTION
Front
What are the different components of a pay check? Options: Hourly rate, annual salary, commission, Taxes, insurance, retirement savings, Overtime pay, holiday pay, sick pay
Back
Gross pay, deductions, net pay, additional earnings or bonuses
3.
FLASHCARD QUESTION
Front
Explain the concept of overtime pay.
Back
Overtime pay is the additional compensation given to employees for working more than the standard hours in a workweek.
4.
FLASHCARD QUESTION
Front
How is net pay calculated?
Back
By subtracting deductions from the gross pay
5.
FLASHCARD QUESTION
Front
What is the purpose of a pay stub?
Back
To provide detailed information about an employee's pay
6.
FLASHCARD QUESTION
Front
How often are work schedules typically posted?
Back
Weekly or bi-weekly
7.
FLASHCARD QUESTION
Front
What is the difference between a fixed and flexible work schedule?
Back
The main difference is that a fixed work schedule has set hours and days, while a flexible work schedule allows for variations in start and end times, as well as the option to work remotely.
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