Money Management Ch 6

If the regular rate of pay is $5 an hour, the overtime pay is $7.52 per hour

Annual pay $22,200. Calculate the monthly pay.

Yearly pay, or salary, is also known as ______________ pay.

Net pay is the result when you subtract required deductions from gross pay.

Company policy: full time employees are paid even when they are absent a set # of days.

The total or agreed-upon rate of pay or salary is called ______________.

Calculate: 46 hours, regular rate is $5.80/hour

A(n) ___________ is the crucial time during the day when all employees are needed at work.

Which of the following is not considered a required deduction?

Annual pay $14,900.  Calculate monthly pay.

A person is ______ when he/she is entitled to an account balance when employment is terminated.

Railroad employees would belong to a(n) __________ union.

One major function of labor unions is to inform all employees of various professions.

Gross pay - deductions = Net Pay

Employee services are offered by companies to improve morale and working conditions.

Calculate: $27 + $17 + $21.72 =

An effort made to influence legislation to the advantage of a profession is known as _______.

Profit sharing is an employee benefit required of all employers.

Hours worked: 46  Regular rate of pay $5.82/hour

A decision made by a neutral third party is called _______.

Calculate: 40 regular hours at $5.80/hour

Calculate: 35 regular hours at $5.75/hour

Monthly salary is $1400, how much do they gross weekly?

Some types of deductions may be withheld from your paycheck without written consent.

Teachers and police officers would belong to a(n) ___________ union.

Calculate $27.75 x 7.65% = 

Calculate $17.65 x 10% = 

When a person chooses 0 allowences they are paying more in taxes?

Calculate $284.05 x 4% = 

If the regular rate of pay is $9 an hour, the overtime pay is $12.50 per hour

How to calculate overtime (gross pay x 1.5)

Calculate: $17.50 + $24 + 35.26 =

A standard work week is 40 hours in a _____ day period of 8 hours a day.

Monthly salary is $1200, how much is the gross biweekly?

Calculate: 50 hours, regular rate is $10.00/hour

When deductions are subtracted from gross pay, what is left is known as ______________.

Calculate $52.02 x 7.65% = 

Lobbying is a legal activity engaged in by many unions and professional organizations.

Profit sharing is a way to encourage employees to do more and better work, and is known as a(n)

Calculate: $27 + $20 + $21.72 =

_____ is a technique used to train employees to be efficient in more than one specialized area.

The American Bar Association is a professional organization for lawyers and doctors.

When two people share what was originally a full-time position, it is called __________.

Overtime wages are 1.5 times the regular rate of pay.

Varying working schedules among employees is known as _________.

Amounts, both required and optional, subtracted from gross pay are called ________________.

The American Bar Assocation is an example of a(n) ______, which is very similar to labor union.

What is the maximum number of hours an hourly employee may work without working overtime?