Unit 2 Payroll and Benefits Quiz

Types of Deductions Place the type of payroll deduction in the appropriate category. Possible answers Drag Uncategorized Answers Here Voluntary DeductionsInvoluntary Deductions 401 K Retirement Plan Health Insurance Life Insurance Gym Membership Professional Organization/Union Dues Social Security Tax Medicare Tax Federal Income Tax State Income Tax Garnishments

SS & Medicare What happens to the FICA Tax that is deducted from an employee's pay check? They are paid as current benefits to others that are elderly or disabled. They are used for government projects like improving education, roads & highways. They are saved in an account for you and will be reimbursed upon retirement. They are refunded to you every year after you file your taxes.

SS & Medicare is a benefit that will be paid to surviving family members if an eligible employee dies. Social SecurityMedicare Survivor's CompensationWorker's Reimbursement Social Security

SS & Medicare Your Social Security & Medicare benefits are being saved for you in an account monitored by the federal government.

Pay Type Fill in the blanks. = - net paygross paydeductionsgross pay net paydeductionsdeductionsnet pay gross pay

SS & Medicare Fill in the blank. = Social Security Tax + Medicare Tax FICA TaxUnemployment TaxRetirement Tax Workers Compensation Tax

SS & Medicare The tax that is collected depends on the amount of the maximum taxable income for that year. social securitymedicaremedicaid unemployment

SS & Medicare The tax that is collected is a set percentage of the entire income with no maximum amounts. medicaresocial securitymedicaid unemployment

Pay Periods Drag and drop the terms in order of number of pay periods starting from the greatest to the least. Most # of Pay Periods weekly biweekly semi-monthly monthly quarterly annually Least # of Pay Periods

Gross Pay w/Overtime Rodezia works at the Apple Store earning $18.25 an hour and is paid time and a half for any hours worked past 40. Last week she worked 52 hours. Determine her gross pay for the week.