QR Semester 1 Final

Front

What is direct deposit?

Back

Direct deposit is an electronic transfer of money from an employer directly into an employee's bank account, eliminating the need for paper checks.

Front

What does it mean to overdraw an account?

Back

To overdraw an account means to withdraw more money than is available in the account, resulting in a negative balance.

Front

How do you calculate the probability of an event?

Back

Probability is calculated by dividing the number of favorable outcomes by the total number of possible outcomes.

Front

What are federal and state withholdings?

Back

Federal and state withholdings are amounts deducted from an employee's paycheck for taxes owed to the federal and state governments.

Front

How do you convert seconds into hours?

Back

To convert seconds into hours, divide the number of seconds by 3600 (the number of seconds in an hour).

Front

What is the formula for calculating net pay?

Back

Net pay = Gross pay - Total deductions (including taxes and withholdings).

Front

What is a check?

Back

A check is a written order directing a bank to pay a specific amount of money from the writer's account to the person named on the check.

Front

What is an overdraft fee?

Back

An overdraft fee is a charge imposed by a bank when a customer withdraws more money than is available in their account.

Front

What is the total number of outcomes when rolling a standard die?

Back

The total number of outcomes when rolling a standard die is 6, corresponding to the six faces of the die.

Front

What is the significance of a paycheck?

Back

A paycheck is a document that represents payment for work performed, detailing the amount earned and deductions taken.