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# Math and Arithmetic

Lvl 10
2021-10-08 18:34:18
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Cards in this guide (20)
What are employee benefits

Employee benefits are things other than money the company gives you:

medical insurance

life insurance

disability insurance

retirement benefits

vacation

paid holidays

What is the definition of a shared tax

A tax the state creates and collects.

What is another term that means withholdings

Payroll Deductions

Which benefits costs are usually shared by the employee and employer

healthcare

Which of these is true of an annuity

there are two types of annuities including fixed and variable

Which of these statements describes the elements of a traditional fee-for-service health insurance plan

It is usually the most expensive healthcare choice but offers the most flexibility.

What type of a goal is graduating from college in four years

long-term...

What is an important reason for knowing the approximate difference between your gross pay and your net pay

Knowing the difference will allow you to develop a realistic budget based upon your take-home pay.

Which of these forms lists the amount of medicare taxes that were paid during the year

W-2

What type of insurance will pay for a persons loss of sight

accidental death and dismemberment

Overworking oneself can lead to which of these problems

How do you work the math question for how much will an employee will earn per hour if a job is for 35 hours per week and an employee can earn 542.50 per week

15.50

On time airways will pay you 456 dollars for working two weeks at 12 dollars per hour how many hours will you work per week

\$456 for two weeks → \$456 ÷ 2 per week = \$228 per week

\$12 per hour → \$228 per week ÷ \$12 per hour = 19 hours per week.

Martin works 32 hours a week for 7.50 an hour Calculate his straight time pay over a 4-week period
The Social Security tax is 6 2 percent and the Medicare tax is 1 45 percent of your annual income How much would you pay per year to FICA if your annual earnings were 47000

47000 times 7.65 % the amount of FICA would be 3595.50.

Is an income tax a progressive shared proportional or regressive tax

progressive shared

Which of these employees are eligible for overtime and holiday pay

hourly employees

Which of these equations is used to calculate straight time pay

Straight time pay = hourly wage x hours worked per week x number of weeks worked.

life insurance

Which type of tax is collected by a mediating agent and then forwarded to the government

indirect tax

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