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Labor Study Guide
Study Guide for labor quiz in business management
| Question | Answer |
|---|---|
| What is gross pay? | Total amount of money earned not including taxes or other deductions |
| What is net pay? | Earnings after deduction |
| What is overtime? | Hours worked over 40 in a normal work week |
| What is the law for earning the overtime pay rate? | 1.5 x hourly rate |
| Where is a good place to look for a job? | indeed.com |
| What are 5 taxes that come out of a paycheck in Indiana? | Federal income tax, social security tax, medicare tax, state income tax, county income tax |
| Other than taxes, what are 4 other possible paycheck deductions? | Health insurance, retirement, union dues, united way |
| How often do you get a paycheck when you are paid biweekly? | Every two weeks |
| How often do you get a paycheck when you are paid semi-monthly? | Twice a month |
| How many paychecks do you get annually when you are paid weekly? | 52 |
| What does the Federal Income tax fund? | National defense, social programs |
| What does the Social Security tax fund? | Elderly retirment benefit |
| What does Medicare tax fund? | Elderly health insurance |
| What does Indiana State income tax fund? | State police, state universities, education |
| What does County income tax fund? | County police, economic development |
| If your pay rate is $10 an hour, what is your overtime rate? | 15 |
| What does “At Will” employment mean? | You can fire people with no cause |
| Who has an exception to the “At Will” employment law? | If the employee has a contract |
| If you are paid monthly, how many paychecks do you get in a year? | 12 |
| Who gets paid more? An employee with a gross pay of $2000 who is paid semi-monthly, or an employee who is paid $2000 biweekly. | biweekly |
| What is bigger? Gross pay or net pay. | Gross pay |
| What are 2 illegal reasons to fire someone? | Age, gender |
| If you work 47 hours, how many are overtime hours? | 7 |
| True or False. If you work on a holiday you are required to be paid overtime. | false |
| If your salary is $1000 a week. How much do you make annually? | $52,000 |
| What is the youngest a person can legally work in Indiana? | 14 |
| Teen workers have stricter work rules if it is a _________ day or _________ week. | school day or school week |
| What are restricted hours for teen workers during a school day? | Until 10 pm on night followed by a school day for 16 yr olds |
| If a teen worker works ______ hours they are entitled to a break. | 6 |
| 16 and 17 year olds can work 30 hours a week during a school week. What can they do to be allowed to work more hours? | |
| How many days a week can a 16-17 year old work? | 6 |
| 17 year olds are not subject to teen work rules if they _________ or ___________ from school. | withdraw, graduate |
| What is the latest a 16 year old can work on a school night? | 10 |
| What is the latest a 16 year old can work on a non-school night? | 12 |
| How many hours can a 15 year old work on a school day? | 3 |
| Why is dressing nice for an interview important? | it creates a good first impression |
| What is the term for the most professional style of dressing? | Business formal |
| What is the term for professional dress that is less dressy? | business casual |
| What are two characteristics that make an outfit more conservative? | Have skin covered, wear simple clothes |
| What is a face-to-face meeting with a prospective employer called? | Job interview |
| How much before an interview should you arrive? | 15 minutes |
| What you say in an interview is important, but employers also pay close attention to ________ language. | body language |
| Calculate Gross Pay $49,400 Salary, Paid biweekly. | $1900 |
| Calculate Gross Pay $36,000 Salary, Paid monthly | $3000 |
| Calculate Gross Pay $14 an hour. Paid weekly. 48 hours. | 560+168= $728 |
| Calculate Gross Pay $10 an hour. Paid biweekly. 45 hours week 1, 38 hours week 2. | 400+75+380= $855 |
| Calculate Gross Pay $42,000 Salary, Paid semi-monthly | $1750 |
| $12 an hour. 40 hours. Paid weekly. Gross Pay Federal Income 4% Social Security 6.2% Medicare 1.45% State Income 3.4% County Income 1.5% Total Deductions Net Pay | Totals 480 19.20 29.76 6.96 16.32 7.20 79.44 400.56 |
| $52,000 salary. Paid biweekly. Gross Pay Federal Income 6% Social Security 6.2% Medicare 1.45% State income 3.4% County Income 1.5% Total Deductions Net Pay | Totals 2000 120 124 29 68 30 371 1629 |
| 50,400. Paid semi-monthly.They have 10% earnings put into a retirement account.They pays 960 a year for health.Gross Pay, 401(k)10%,Health Ins,taxable Wages, Fed. Tax 7% Social Sec. 6.2%, Medicare1.45%, State Income3.4% County income 2.5%, Tax ,Net Pay | 2100 210 40 1850 129.50 114.70 26.83 62.90 46.25 380.18 1469.82 |
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emmarichman
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