Final Exam Transitions 1st Semester

Front

Which is bigger, gross pay or net pay?

Back

gross pay

Front

money that is subtracted from your paycheck and given to your state's government to help run the state

Back

State Tax

Front

money that is subtracted from your paycheck to pay for your medical coverage

Back

insurance

Front

the amount of money you earn for working more than 40 hours each week

Back

overtime pay

Front

A fixed amount of money per year paid to an employee to do a job is known as a _____?

Back

salary

Front

What is a deduction?

Back

the amount of money subtracted from your paycheck

Front

Hourly wage is a specific rate of money per hour worked that is paid by an employer. True or False?

Back

True

Front

Is a salary a fixed amount of money paid to an employee to do a job?

Back

True

Front

A Payday is the day a person is paid.

Back

True

Front

YTD stands for...

Back

Year To Date