a payment made on the amount of sales an employee makes

What is the equation for gross income?

pay per hour x number of hours worked

What does FICA stand for?

Federal Insurance Contribution Act

What does a target resume focus on?

experience and skills that could be used for a specific job

What is year to date?

amount of time from the beginning of year to pay period

Why is January 31st important?

It is the date in which employers have to give you your W-2

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Financial Literacy

12 termsStudBud Administration3 plays

A Quiz to learn the concepts of taxes, forms, payment methods and more!

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Questions 12

Answers

1
What is semimonthly payment
once a month
every week
twice a month
every two weeks
2
Who pays for FICA?
some employees but not all
only employers
only employees
employees and employers
3
What is commission?
none of the above
a payment made by one particular asset
a payment made on the amount of sales an employee makes
compensation arrangement where employee is paid for action
4
Why is direct deposit the best way to get paid?
employers are responsible for giving you a check
It is the most secure
works like a debit card
employees are given a card to get their money deposited on
5
What are the main objectives for a cover letter?
include your address
grab attention
talk about unnecessary topics
tell about your childhood
6
What is NOT a part of a career portfolio
letter of application
the follow up letter
W-4
the resume
7
What is the equation for gross income?
pay per hour - number of hours
number of hours / pay per hour
number of hours + pay per hour
pay per hour x number of hours worked
8
What does FICA stand for?
It does not stand for anything
I don't know
Federal Institution of Contribution Act
Federal Insurance Contribution Act
9
What does a target resume focus on?
experience and skills that could be used for a specific job
only skills for a specific job
only work history
only experience for a specific job
10
What info should you include in a resume?
all of the above
a list of relevant skills required for the job
a summary of why you're right for the job
name of the job you are applying for
11
What is year to date?
from January 1 - April 15
amount of time from the beginning of year to pay period
the length of time you have to pay taxes
the length of time between paychecks
12
Why is January 31st important?
It is the date in which employers have to give you your W-2
It is the date when employers have to pay their employees
It is the date in which employers have to give you your W-4
It is the date in which you have to pay all taxes

Financial Literacy Flashcards | StudBud