Personal Finance #1 Word Scramble
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Question | Answer |
The number that you calculate on Form W-4 that reduces the amount of tax withhold from your paycheck | ALLOWANCES |
Your permanent work identification number | SOCIAL SECURITY NUMBER |
A summary of the income you earned that year and all amounts the employer withheld for taxes | FORM W-2 |
People under the age of legal adulthood | MINORS |
Law that established a national insurance program that provides financial help for the elderly and for disabled workers | SOCIAL SECURITY ACT |
A part of the Social Security Act that requires benefits to be paid to workers who lose their job through no fault of their own | UNEMPLOYMENT INSURANCE |
A form you fill out when you begin working that determines the amount your employer will withhold from your paycheck for incomes taxes | FORM W-4 |
Status that applies only to people who will not earn enough that year to owe any federal income tax | EXEMPT STATUS |
Insurance program that pays benefits to workers and their families for injury, illness, or death that occurs as a result of the job | WORKERS' COMPENSATION |
Law that establishes a minimum wage and requires hourly workers to be paid 1.5 times their hourly rate for hours worked beyond 40 per week | FAIR LABOR STANDARDS ACT |
The lower limit on wages that employer can pay workers per hour | MINIMUM WAGE |
Total pay before deductions are subtracted | GROSS PAY |
Pay remaining after deductions are subtracted | NET PAY |
Entitled to the full amount accumulated in a retirement plan | VESTED |
Money offered to encourage employees to strive for higher levels of performance | INCENTIVE PAY |
Work schedule that allows employees to choose their working hours within defined limits | FLEXTIME |
Job design in which employees are trained to do more than one specialized task and move from one task to another | JOB ROTATION |
Job design in which two people share one full-time position | JOB SHARING |
Work schedule that fits the normal 40-hour work week into less than 5 days | COMPRESSED WORK WEEK |
Extras that a company offers in order to improve employee morale and working conditions | EMPLOYEE SERVICES |
Forms of employee compensation in addition to pay | BENEFITS |
Time worked beyond the regular 40-hour work week. | OVERTIME |
Law that allows employes to take up to 12 weeks of unpaid, job-protected leave. | FAMILY AND MEDICAL LEAVE ACT |
Law that prohibits unequal pay for men and women doing substantially similar work | EQUAL PAY ACT |
Law that prohibits discrimination in hiring, training, and promoting on the basis of race, color, gender, religion, or national origin | CIVIL RIGHTS ACT |
Law that prohibits discrimination in employment decisions against people age 40 and over | AGE DISCRIMINATION IN EMPLOYMENT ACT |
Law that prohibits discrimination on the basis of physical or mental disabilities | AMERICANS WITH DISABILITIES ACT |
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