Taxes

An amount paid to your state government for state-funded programs and services.

• State taxes

• Federal taxes

• Local taxes

• City taxes

Pay based on the amount of money an employee earns per hour

• Wages

• Salary

• Gross pay

• Net pay

How is the employee paid? 

• wages
• salary 

 What is this employee's gross pay? 

• $872.53 
• $7680
• $1,280 
• $972.67

FICA is

• social security tax

• a deduction for people 65 or older

• not a tax

• not deducted from your paycheck

One advantage of being paid a salary is that you are then eligible to receive overtime pay.

• True

• False

Piecework is an old time way of paying employees and no current jobs pay this way anymore.

• True

• False

Which of the following professions receives piecework pay?

• Teacher

• UPS Deliverer

• Barber

• Insurance Agent

To be eligiable for Overtime pay an employee must work over....

• 30 hours

• 40 hours

• 50 hours

The total amount paid by a business for an employee's work, earned by a wage, salary, or commission.

• Regular Earnings

• Overtime Earnings

• Total Earnings

• Gross Earnings

• Net Earnings