Podcast
Questions and Answers
Which type of payment is based on how many hours a person works and their hourly wage or pay scale?
Which type of payment is based on how many hours a person works and their hourly wage or pay scale?
- Net pay
- Overtime pay
- Wages (correct)
- Salary
What is a pay period?
What is a pay period?
- The time period in which an employee takes a break
- The time period in which an employee is on vacation
- The time period in which an employee worked and is being paid for (correct)
- The time period in which an employee is sick
Which type of payment is a fixed regular payment based on an agreed amount between the employer and the employee?
Which type of payment is a fixed regular payment based on an agreed amount between the employer and the employee?
- Overtime pay
- Net pay
- Wages
- Salary (correct)
Which payroll schedule is used by businesses every two weeks?
Which payroll schedule is used by businesses every two weeks?
What is the amount you receive after all deductions are taken from your total earnings called?
What is the amount you receive after all deductions are taken from your total earnings called?
Which type of tax is deducted from your paycheck and paid to the federal government?
Which type of tax is deducted from your paycheck and paid to the federal government?
Which deduction provides short-term disability insurance and paid family leave benefits to eligible workers?
Which deduction provides short-term disability insurance and paid family leave benefits to eligible workers?
Which deduction is imposed on both employees and employers to fund Social Security and Medicare?
Which deduction is imposed on both employees and employers to fund Social Security and Medicare?
Which deduction is required for more and more employees to contribute to paying for their own coverage?
Which deduction is required for more and more employees to contribute to paying for their own coverage?
Which type of tax is deducted from your paycheck and paid to the state you are living in?
Which type of tax is deducted from your paycheck and paid to the state you are living in?
True or false: Deductions are made from your gross pay before they are referred to as your net pay?
True or false: Deductions are made from your gross pay before they are referred to as your net pay?
True or false: FICA-Social Security and Medicare is a federal tax imposed on both employees and employers?
True or false: FICA-Social Security and Medicare is a federal tax imposed on both employees and employers?
True or false: Only seven states in the United States do not have an income tax?
True or false: Only seven states in the United States do not have an income tax?
Match the following deductions with their descriptions:
Match the following deductions with their descriptions:
Match the following terms with their definitions:
Match the following terms with their definitions:
Match the following facts with their respective deductions:
Match the following facts with their respective deductions:
