Income and Taxes

Income earned from employment or self employment

• Wage

• Earned Income

• Salary

• Piecework

Payment for work (often weekly or every other week)

• Wage

• Minimum Wage

• Bonus

• Piecework

The lowest hourly wage employers can pay most workers by law

• Minimum Wage

• Wage

• Overtime Wage

• Salary

Where is the highest amount for minimum wage?

• Washington DC

• Virginia

• California

• Texas

Most minimum wage workers are teens

• TRUE

• FALSE

Paid to eligible workers who work more than 40 hours per week

• Overtime Wage

• Bonus

• Tips

• Commission

Fixed payment for work (expressed as an annual figure)

• Salary

• Wage

• Commission

• Bonus

How many hours are in a typical work week?

• 40

• 30

• 26

• 35

Income paid as a percentage of sales made by a salesperson

• Commission

• Tip

• Gratuity

• Bonus

Total Income before deductions

• Gross Pay

• Net Pay

• G.E.T Pay

• Payroll