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17 Cards in this Set
- Front
- Back
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Sean earns 10% of the selling price of each pair of shoes he sells. What form of monetary compensation is this?
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Commission
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When company profits were good, Earl and other section managers received an extra $1,000 as a thank-you for good management practices. What form of monetary compensation is this?
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Bonus
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Elaine earned $200 this week from her base pay at Steak & Lobster plus an additional $150 from tips. What forms of monetary compensation are these?
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Wages plus gratuities
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While in college, Don was paid minimum wage by the hour for part-time work. After graduating, he earned a set amount per month. What forms of monetary compensation are these?
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Wages during college, salary after
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Sharon's salary is deposited each month on the twenty-eighth by her employer into her bank account. What form of payment for work is this?
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Direct deposit
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Ben's receives his wages every week in a paper document showing pay deductions on the stub. What form of payment for work is this?
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Weekly paycheck
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Ben receives a prepaid card for his salary and uses the card to get cash at an ATM machine. What form of payment for work is this?
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Payroll card
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Jerry had $100 insurance and medical deductions withheld from his pay each month. After also deducting $125 in taxes, Jerry's take-home pay was $475. The $475 amount is Jerry's:
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net pay.
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Sabrina was told that she would receive her pay by payroll card. What benefit can Sabrina expect with this way of being paid?
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24-hour access to funds
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Sam was told that he will receive his pay by direct deposit. What benefit can Sam expect with this way of being paid?
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Greater security/less likelihood of loss
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Janet's accountant asked her to provide a copy of her Wage and Tax Statement as soon as she receives it from her employer. What type of form is this?
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W-2
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Danny's new employer instructed him to come by the office and complete an Employee's Withholding Allowance Certificate. What type of form is this?
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-W-4
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Dennie and Marie submit their federal income taxes each year using the most common U.S. tax return. What type of form is this?
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Form 1040
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The employment agency asked Nick to complete an Employment Eligibility Verification form to show that he was able to work in the United States. What type of form is this?
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-I-9
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Tim had $52.37 of federal income taxes taken out of his paycheck. What type of tax is this?
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progressive
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Maria received a form in the mail showing the interest she has earned on her bank accounts. Which form is this?
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1099- INT
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Larry enclosed with his income tax returns a form showing all income he earned from his job during that tax year. Which form is this?
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W-2 form
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