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WorksheetsFinancial Literacy - Personal Finance: Edition 6_Ch.6
Total questions: 14
Worksheet time: 11mins
Time worked beyond the regular hours.
vested
gross pay
incentive pay
overtime
Money offered to encourage employees to strive for higher levels of performance.
net pay
incentive pay
deductions
gross pay
Amounts subtracted from gross pay.
net pay
incentive pay
deductions
gross pay
The total amount earned before any deductions are subtracted.
gross pay
overtime
net pay
vested
The amount left after deductions are taken out of gross pay.
net pay
self-employment tax
gross pay
vested
The point at which employees have full rights to their retirement.
flextime
vested
gross pay
seniority
The total of 15.3 percent for social security and medicare tax paid by people who work for themselves.
job sharing
lobbying
compressed workweek
self-employment tax
A policy where the longer you work for an employer, the more job security and rights you have.
collective bargaining
seniority
labor union
incentive pay
A schedule that allows employees to choose their own working hours within limits.
job rotation
flextime
seniority
self-employment tax
An attempt to influence public officials to pass laws and make decisions that benefit a particular group.
net pay
self-employment tax
lobbying
professional organization
The process of negotiating a work contract for union members.
lobbying
compressed workweek
collective bargaining
professional organization
A job design in which employees are trained to do more then one specialized task.
job sharing
compressed workweek
self-employed tax
job rotation
A work schedule that fits 40 hours into the less than five days.
collective bargaining
compressed workweek
vested
profit sharing plan
A group of people who work int he same or similar occupations organized for the benefit for all employees in these occupations.
professional organization
job sharing
overtime
net pay
