Consumer Math: Computing

Minimum wage

• The lowest hourly wage permitted by law
• The highest hourly wage permitted by law
• The lowest salary permitted by law
• The highest salary permitted by law

Breadwinner

• Main person who earns money to support a family.
• Any person who has a paying job.
• Worker making minimum wage - "just enough to buy bread".
• Person who works in the restaurant/food service field.

Unemployment

• Not having a job
• Living below the poverty line
• Being employed at minimum wage
• Not working enough hours

The amount of money a customer leaves for a person who provided service

• tips

• donation

• token

Anything over 40 hours is _________

• base rate

• Overtime

• lost wages

What is another name for Federal Insurance contribution?

• Social Security

• Disability

• Medicare

The pay you earn is found by multiplying the number of hours worked

• Hourly wage

• overtime

• minimum wage

The total number of hours an employee worked during a specific pay period?

• Hours worked

• Pay

• wages

The timeframe for which an employee is paid (eg. weekly, biweekly, monthly)?

• hours worked

• pay period

• overtime

How do you calculate hourly wages?