Class
Quiz yourself by thinking what should be in
each of the black spaces below before clicking
on it to display the answer.
Help!
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| Gross Income | Amount of money you have before all deductions
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| Net Income | Take home pay after all deductions
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| Ocupation | A category of jobs with similar characteristics
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| Standard of living | The bare necessities to survive
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| Bartering | Trading an item you don’t need to use anymore and trade that item or items for an item you will use
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| Taxes | Required charges of citizens by local, state, and federal governments
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| I-9 | A form to prove your an American citizen
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| W-2 | States the amount of money earned and taxes paid throughout the previous year
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| W-4 | Employee’s Withholding Allowance Certificate
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| Paycheck | Paper check with stub
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| Direct deposit | Employers directly deposit employee’s paycheck into the authorized employee’s bank account
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| Payroll card | Employers directly deposit employee’s paycheck into the authorized employee’s bank account
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| Pay period | The length of time for which an employee’s wages are calculated
Most businesses pay employees either weekly, bi-weekly, or monthly
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| Personal info | The employee’s full name, address, and social security number or employee identification number
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| Payroll withholding | The amount of money subtracted from the gross income for taxes. Typically about 30% of your paycheck
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| Withhold tax | The amount required by law for employers to withhold from earned wages to pay taxes
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| Year to date | Totals all of the deductions which have been withheld from an individual’s paycheck from January 1 to the last day of the pay period indicated on the paycheck stub
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| Social Security | Helps provide retirement income for the elderly and pays disability benefits
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| Medicare | health care for the elderly
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| FICA | Federal Insurance Contribution Act
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Review the information in the table. When you are ready to quiz yourself you can hide individual columns or the entire table. Then you can click on the empty cells to reveal the answer. Try to recall what will be displayed before clicking the empty cell.
To hide a column, click on the column name.
To hide the entire table, click on the "Hide All" button.
You may also shuffle the rows of the table by clicking on the "Shuffle" button.
Or sort by any of the columns using the down arrow next to any column heading.
If you know all the data on any row, you can temporarily remove it by tapping the trash can to the right of the row.
To hide a column, click on the column name.
To hide the entire table, click on the "Hide All" button.
You may also shuffle the rows of the table by clicking on the "Shuffle" button.
Or sort by any of the columns using the down arrow next to any column heading.
If you know all the data on any row, you can temporarily remove it by tapping the trash can to the right of the row.
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Created by:
A_Guy_In_A_Box
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