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QR Challenge: Income and Taxes

QuestionAnswer
Pay received for hourly work iswages
Fixed amount of pay for a certain period of time.salary
Pay that is a percentage of the total amount sold by a salesperson.commission
Pay that is 1.5 times more than the hourly rate.overtime
Advancement to a higher position in a company.promotion
Increase in a worker's pay.raise
Rate of pay for each item produced.piecework or piece rate
Vacations, paid holidays, paid sick leave, etc. that an employer offers in addition to salary.fringe benefits or perqs
Pay before taxes and deductions.gross pay
Pay after taxes and deductions.net pay
Raises employees may receive to try to keep up with inflation.Cost of living-CoLa
A bonus an employee might receive that is not tied to sales or productivity.signing bonus
Pay an employee might receive if a company is profitable.bonus
Opportunity for an employee to purchase share of stock of their company.stock options
Two of the four areas regulated by the Fair Labor Standards Act.minimum wage and overtime
What is the pay for 43.5 hours of work at $8.25/hour (overtime is 1.5).$373.31
What is the commission on the following: 6% commission on sales of $34,000?$2040
What is the pay for 29.75 hours of work at $7.25/hour?$215.69
What three pieces of information should be left on voice mail or text when reporting an absence to the teacher/coordinator.name, class, reason for absence
Social Security tax and Federal Withholding tax are voluntary deductions.False
The cost of an employee to an employer is based strictly on their hourly wage.False
The Fair Labor Standards Act is a major federal law that regulates several areas of work.True
In some situations an employer can pay less than minimum wage.True
A garnishment is a voluntary deduction.False
A person that is paid semi-monthly, twice a month, will receive 26 paychecks.False
The portion of health insurance paid by an employee is considered a voluntary deduction.true
By law you are guaranteed breaks, holiday pay and paid vacations.False
The amount of the paycheck should be the only consideration of a career.False

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