Payroll

The total amount of income you earn in a pay period before any deductions are taken out

• Gross pay

• Net pay

• Wages

• Salary

Monetary subtractions from the employee's gross pay

• Salary

• Wages

• Deductions

• Gross pay

Randy earns $22 per hour. This is an example of:

• commission

• salary

• labor

• wages

A tax (funds) for retirement after an employee reaches retirement.

• Medicare

• Medicaid

• Social Security

• 401(K)

You work part-time for $9.50 an hour. You work for 15 hours this week, how much is your gross pay?

• $ 24.50

• $ 142.50

• $ 155.00

Your gross pay is $525.50. Your net pay is $446.75. How much money was deducted from your pay check?

• $ 972.25

• $ 70.00

• $ 78.75

Your weekly gross pay is $400.00. Your tax rate is 15%. How much is your net pay?

• $ 340.00

• $ 60.00

• $ 266.00

Any amount withheld from a employee's gross earnings.

• Payroll Taxes

• Payroll Deduction

• Payroll Earnings

• Payroll Allowance

• Payroll Withholding

A fixed annual sum of money divided among equal pay periods.

• Commission

• Wage

• Salary

• Overtime

• Total Earnings

A federal tax paid for old-age, survivors, and disability insurance.

• Medicare Tax

• Social Security Tax

• 401(K)

• IRA

• Life Insurance