Payroll/Checks

_____________ is a payment people receive for providing resources in the market

• Salary

• Wage

• Income

• Rent

_____________ is income received for providing labor (human resource)

• Wage

• Income

• Rent

• Pay Check

__________ is money taken out of your paycheck

• Payroll Deduction

• Tax Deduction

• Gross Pay

• Net Pay

Match the definitions with the correct vocab term

• income received for providing labor

• Salary

• A specific pay rate multiplied by number

• Hourly

• • An annual amount divided into a regular

• Wage

____________ is the money you take home

• Gross Pay

• Net Pay

• Deduction

• Rent

_________ is the money you earn

• Gross Pay

• Net Pay

• Deduction

• Rent

FICA includes which of the following deductions

• State Income Taxes

• Medicare

• Federal Income Taxes

• Social Security

Which of the following is NOT a Mandatory Payroll Deduction

• FICA

• State Income Tax

• Federal Income Tax

• 401K Contributions

Which of the following is NOT a Voluntary Payroll Deduction

• FICA

• Healthcare premium

• 401k Contribution

• Disability Insurance

______________ – Only the endorser’s/recipient’s signature

• Blank Endorsement

• Restrictive Endorsement

• Special Endorsement

• No Endorsement