Home Library Explore SAT

Home Library Explore SAT

Income & Payroll Flashcards | StudBud

Explore/Income & Payroll

Labor unions negotiate a variety of terms of employment, except....

FICA is a...

Income & Payroll

10 terms·StudBud Administration·108 plays

Imported from external platform

Flashcards10 cardsFPractice quizPHost liveL

Questions 10

Answers

1
FICA is a...
Federal Tax on Capital Gains
State Income Tax
Federal Tax on Wages from Work
State Sales Tax
2
Labor unions negotiate a variety of terms of employment, except....
Benefits (Wages, Insurance)
Payroll Taxes
Sick Time and PTO
Working Conditions (hours, safety measures, evaluation)
3
The percentage of Americans who work for a small business (>1000 Employees)
20%
40%
50%
30%
4
Which IS not a generally accepted source of income?
Interest/Capital Gains
Employment
Scratchies
Retirement/Pension/Government Transfers
5
What is the largest source of Federal Revenue?
Social Security Payroll Tax
Hunting/Fishing License Fees
Corporate Income Tax
Individual Income Tax
6
The FICA tax for Social Security (or a Qualifying State Retirement System) is about...
6%
15%
12%
30%
7
FICA provides funding for which program?
Broadband Internet
Interstate Highway System
Social Security
NASA
8
A Health Insurance Premium is the...
Additional healthcare coverage
Health Insurance for Retired
Health Insurance for Low Income folks
Price, or cost, for health insurance
9
Capital Gains is when...
When you sell property for more than you bought it.
Your political party wins the most seats in an election year.
You owe more in taxes than you paid.
You pay more in tax than you owed.
10
Deductions may be for charities, health insurance, or other services, however withholdings are generally for...
Premiums
Investments
Union Dues
Taxes