WorksheetsPF OBJ 3.06 - 3.07 Vocab
Total questions: 23
Worksheet time: 12mins
Cost of living
The average cost of basic necessities, such as housing and food
Products or services provided by an employer that provide extra value beyond wages
The regular schedule by which employers pay employees
Outlines the deductions made to wages
Employee benefits
Products or services provided by an employer that provide extra value beyond wages
The average cost of basic necessities, such as housing and food
Amount of money left once all deductions have been taken from gross income
Taxes paid to federal, state and local governments on the amount of money earned
Commission
A fee that a salesperson receives upon completion of a sale
A person who relies on the taxpayer for financial support
Wages are deposited directly into a depository institution account
Agreement between an employer and employee
Dependent
A person who relies on the taxpayer for financial support
Wages are deposited directly into a depository institution account
Total tax bill
A state‐sponsored system that pays monetary benefits to workers who become injured or disabled on the job
Direct deposit
Wages are deposited directly into a depository institution account
The form that determines the percentage of an employee’s pay that will be withheld for federal taxes
Amount of money earned before payroll taxes
A reloadable debit card onto which a worker's pay is loaded
Employee benefits
Employers may offer employee benefits in the form of products or services that add extra value for employees beyond earned wages
Amount of money earned before payroll taxes
A check written to a worker in the amount of money earned
Outlines the deductions made to wages
Employer contributions
The amount the employer has contributed to various employee benefits
federal program whose main purpose is to help pay for health care for those over 65
A reloadable debit card onto which a worker's pay is loaded
A state‐sponsored system that pays monetary benefits to workers who become injured or disabled on the job
Employment
Agreement between an employer and employee
The regular schedule by which employers pay employees
Outlines the deductions made to wages
source of income for workers who have lost their jobs through no fault of their own
Form W‐4 (Employee’s Withholding Allowance Certificate)
The form that determines the percentage of an employee’s pay that will be withheld for federal taxes
A person who relies on the taxpayer for financial support
Employers may offer employee benefits in the form of products or services that add extra value for employees beyond earned wages
Agreement between an employer and employee
Gross income
Amount of money earned before payroll taxes
A reloadable debit card onto which a worker's pay is loaded
Total tax bill
Amount of money left once all deductions have been taken from gross income
Income tax
Taxes paid to federal, state and local governments on the amount of money earned
A federal program whose main purpose is to help pay for health care for those over 65
Taxes withheld or paid on your behalf by your employer
Outlines the deductions made to wages
Medicare
A federal program whose main purpose is to help pay for health care for those over 65
Fixed amount of money or compensation paid to an employee by an employer in return for work performed
Agreement between an employer and employee
The amount the employer has contributed to various employee benefits
Net income
Amount of money left once all deductions have been taken from gross income
Amount of money earned before payroll taxes
federal government program that funds retirement accounts, financially supports citizens who have experienced profound disability, the premature death of a parent (if under the age)
A reloadable debit card onto which a worker's pay is loaded
Paper paycheck
A check written to a worker in the amount of money earned
A reloadable debit card onto which a worker's pay is loaded
Amount of money earned before payroll taxes
The form that determines the percentage of an employee’s pay that will be withheld for
federal taxes
Payroll card
A reloadable debit card onto which a worker's pay is loaded
Taxes withheld or paid on your behalf by your employer
Amount of money earned before payroll taxes
A person who relies on the taxpayer for financial support
Payroll tax
Taxes withheld or paid on your behalf by your employer
The regular schedule by which employers pay employees
Outlines the deductions made to wages
Taxes paid to federal, state and local governments on the amount of money earned
Pay period
The regular schedule by which employers pay employees
Outlines the deductions made to wages
Amount of money earned before payroll taxes
Agreement between an employer and employee
Pay stub
Outlines the deductions made to wages
Fixed amount of money or compensation paid to an employee by an employer in return for work performed
Amount of money left once all deductions have been taken from gross income
Amount of money earned before payroll taxes
Salary
Fixed amount of money or compensation paid to an employee by an employer in return for work performed
Total tax bill
A state‐sponsored system that pays monetary benefits to workers who become injured or disabled on the job
A federal program whose main purpose is to help pay for health care for those over 65
Social Security
A federal government program that funds retirement accounts, financially supports citizens who have experienced profound disability, the premature death of a parent (if under the age of 18), or the premature death of a spouse in a family with children
A check written to a worker in the amount of money earned
A federal program whose main purpose is to help pay for health care for those over 65
Amount of money earned before payroll taxes
Tax liability
Total tax bill
A source of income for workers who have lost their jobs through no fault of their own
A federal program whose main purpose is to help pay for health care for those over 65
Amount of money earned before payroll taxes
Unemployment insurance
A source of income for workers who have lost their jobs through no fault of their own
A state‐sponsored system that pays monetary benefits to workers who become injured or disabled on the job
The form that determines the percentage of an employee’s pay that will be withheld for federal taxes
The amount the employer has contributed to various employee benefits
Workers’ compensation
A state‐sponsored system that pays monetary benefits to workers who become injured or disabled on the job
Taxes withheld or paid on your behalf by your employer
A reloadable debit card onto which a worker's pay is loaded
Amount of money left once all deductions have been taken from gross income
