You work a job that pays you an hourly wage of $15 per hour. What are your gross wages if you work 35 hours in one week.

Since you went to work for the furniture company, you have a salary of $300 per week plus a commission of 7%. This week you sold one customer $3,200 bedroom set and another customer a living room set for $5,900. What were your gross sales for the month of April?

There are 40 hours in a standard work week.

net pay is the amount you take home after taxes and other deductions have been subtracted.

For an hourly worker, gross pay is found by multiplying the number of hours worked by the hourly rate of pay.

Social Security and Medicare (FICA) are what type of deduction/withholding from your gross pay?

Corporation's profits distributed to stockholders is called:

Social Security benefits are considered unearned income.

The form used to report a worker's earned income and taxes withheld during a calendar year is called a ______. This form must be received by Jan 31.

If I multiple the regular pay rate by 1.5 I am calculating what rate??

______ is an insurance plan that provides coverage for an employee who suffers an injury or illness resulting from job-related duties.

_____ is a person who depends on you for more than half of his/her support.

Lowest pay rate allowed by law for each regular hour of work is called:

_____ income refers to the money that a person has available to spend or save after taxes are paid.

_____ are forms of compensation in addition to salary or wages.

______ is money received from sources other than working in a job.

What benefits do you receive from paying taxes?

Carla worked 48 hours last week. Her rate is $12.50. She is paid 1.5 times her regular rate for overtime. She has the following deductions, Fed Tax 10%, SS Tax 6.2%, Med Tax 1.45%, and health insurance of $25 per week. What is her net pay?

What is an example of a progressive tax?

Mary worked 42 hours last week. Her regular pay is $10.00 per hours. She is paid overtime for each hour worked over 40 hours in one week. What is his gross pay?

Which of the following statements about benefits are FALSE?

Social security tax and medicare tax combined are also known are

The form you will out when you first start a job to verify that you are eligible to work in the U.S. is called:

Marley bought new shoes for $55, jeans for $29.99, and a new blouse for $27. 79. Sales tax in her area is 7%. What is the total cost of her purchases including sales tax?

Total salary or wages earned for a pay period is called:

Employers and Employees each pay half of the social security tax?

Which of the following is an example of unearned income?

Which of the following are examples of pay without work??

This form determines the amount of federal income taxes withheld from each paycheck.

Gambling winnings are a form of earned income?

What is an example of in-cash transfers?

All of the following are examples of earned income except

Salaried workers clock in and out to count hours and receive overtime pay

Workers are not taxed on most of the benefits they receive from employers.

Employee benefits increase disposable income.