WorksheetsUnit 4 Employement and income Vocabulary
Total questions: 16
Worksheet time: 13mins
A set of versatile abilities and aptitudes that are applied to a personal and professional roles are transferrable to any job
(a)
Specific skills that are obtained through formal education, training, and experiences that are needed to perform certain jobs.
Hard Skills
Any form of money, property, or services that you earn or receive from any source and subject to Federal and State taxes.
(a)
A set amount of money an individual earns for work completed. This is paid on a regular basis such as daily or weekly.
A set amount of money earned per pay period. It is usually described as the amount of money made per year.
A specific wage rate based on each hour worked, which is subject to a minimum rate per Federal and State guidelines and requires overtime rate when the number of hours worked exceeds 40 hours per week.
This is the total amount of money earned before taxes and deductions are taken out of an employee’s paycheck.
(a)
This is the total amount of money earned after taxes and deductions are taken out of your paycheck.
Gross pay
Net pay
What is the sigla or acronym for Federal Insurance Contributions Act is a payroll tax on both the employee and employer to pay for Social Security and Medicare.
(a)
Social Security is :
A payroll tax that pays benefits for people who have retired, disabled people, and dependents of workers who have died.
Yes
No
A payroll tax that pays for health care for people over 65.
A Form issued by the Dept of Homeland Security that requires an employer to verify an employee’s identity and legal authorization to work in the United States. Employees must provide the required proof of identity (e.g. passport, drivers license and birth certificate).
This is a tax form employees use to tell their employer how much federal income tax to withhold from their paycheck based on the number of allowances that claim.
This is a tax form that employers are required to send their employees each year. This form reports the total annual salary or wages and the amount of taxes withheld from their paychecks.
A U.S. Federal tax form is used to file (send) a person’s individual taxes to the IRS and is used to determine the amount of Federal income tax owed in a single year.
W-2 form
1040 form
This is a tax form that summarizes any non-employment income such as interest, dividends, or other miscellaneous income earned that must be reported on a tax return.
