Getting Paid Vocab

Which of the following represents the actual amount of money you get to take home?

• Commission Pay
• Net Pay
• Hourly Pay
• Gross Pay

Which of the following represents the actual amount of money you get to take home?

• Commission Pay
• Net Pay
• Hourly Pay
• Gross Pay

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

How many hours are generally considered to be full time employment?

• 20 Hours a week
• 25 hours a week
• 30 Hours a week
• 40 hours a week

Which way to get paid is the LEAST stable income source (varies the most from pay period to pay period)?

• Commission
• Piece Work
• Hourly
• Salary

What is a dependent?

• the rate of pay you make per hour
• a person who provides your financial support
• the amount of tax a person will incur at the workplace
• a person the government gives you a tax break for because you are supporting them financially

What is a dependent?

• the rate of pay you make per hour
• a person who provides your financial support
• the amount of tax a person will incur at the workplace
• a person the government gives you a tax break for because you are supporting them financially

Employees who are paid biweekly receive ______________ paychecks per year.

• 12
• 24
• 26
• 52

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

• Social security and federal tax
• Social security and state tax
• Medicare and social security
• Medicare and federal tax

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

• Taxation Form
• I9 Form
• W4 Form
• Deduction Form