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Unit 2 Vocabulary

Author: White Tiffany
Description: Find the correct definition that goes with the correct vocabulary word.
Keywords: , , , , , , online teaching

Content:
Definitions:
0. Production rate
1. Minimum wage
2. Job Related Expenses
3. Earnings statement
4. Pay period
5. Deductions
6. Gross pay
7. Federal income tax
8. State Income Tax
9. Net Pay
10. Income
11. Piece rate
12. Overtime pay
13. Hourly Wage
14. Shift
15. FICA- Federal Insurance Contributions Act

Answers:
0. income deducted from a person’s paycheck by the state government
1. the amount of money earned during a pay period before deductions
2. federal tax that funds Social Security and Medicare
3. the amount of money you earn per hour worked
4. a person’s scheduled hours of work
5. is $7.25 an hour(For 2012)
6. the number actions completed in a given amount of time
7. the length of time for which an employee’s wages are calculated
8. expenses deducted from a paycheck that are necessary to perform the job
9. The amount required by law for employers to withhold from earned wages
10. Money subtracted from gross pay
11. the worker is paid a fixed rate for each item produced
12. pay for work in a work week at least one and one-half times the regular rate
13. the “paycheck stub” listing gross pay and deductions
14. A form of payment to an employee
15. amount of money left after all the deductions have been taken from the gross pay
.