Flashcardizz 5.4

Front

The total amount you earn before any deductions are subtracted is called __________ pay.

Back

Gross

Front

Anita got a job through an employment agency that charges a fee equal to 35% of the first five weeks’ pay. The job pays $420 per week. How much does Anita have to pay the employment agency?

Back

$735

Front

How many times per year does "biweekly mean"?

Back

26

Front

If you get injured at work & cannot work for a while, this mandatory employee benefit will help supplement the income you would be losing.

Back

Workers Compensation

Front

This mandatory benefit allows eligible employees to take up to 12 work weeks off for unpaid leave for certain situations.

Back

Family and Medical Leave Act

Front

When a worker is injured on their own time, this benefit helps replace the lost wages during the time they cannot work.

Back

Disability

Front

These funds are set aside to provide people with an income when their career ends.

Back

Retirement

Front

This retirement option is now the most popular and is offered by for-profit institutions.

Back

401(K)

Front

If an employer has a "matching" program for your 401(k) that means:

Back

They will put money into your retirement account up to a certain amount to match what you put into it.

Front

What will Mike's pension be if he earned $82,000, $96,000, $105,000, and $109,000 in his last 4 years of work?

Back

$23,520