Chapter 2

What is found on a W-2 form?

• Income

• taxes withheld

• Income and amount of taxes withheld given to you by your employer

• employee's withholding allowance

What is found on a W-4 form?

• Income

• taxes withheld

• Income and amount of taxes withheld given to you by your employer

• Employee withholding allowance

A wealth tax based on the assessed value of owned real estate?

• property tax

• excise tax

• interest

Money earned on savings accounts and funds.

• excise tax

• sales tax

• interest

• use tax

The form you can use to file your taxes

• 1040

• W-9

• W-2

• W-007

What is a set fee or percentage of a sale paid to an employee in addition to regular hours?

• benefits

• overtime pay

• comission

• profit sharing

Paid time away from work for personal reasons

• sick leave

• professional leave

• personal leave

• business leave

What is the lowest pay rate allowed by law for each regular hour of work

• benefits

• sick leave

• minimum wage

• disposable income

Total salary or wages earns during a pay period

• commision

• gross pay

• net pay

Forms of compensation in addition to salary or wages.

• benefits

• commision

• social network