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Math and Arithmetic

Thad Mitchell ∙

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Term1/16

What are employee benefits

Definition1/16

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

medical insurance

life insurance

disability insurance

retirement benefits

vacation

paid holidays

Term1/16

Which benefits costs are usually shared by the employee and employer

Definition1/16

healthcare

Term1/16

Which of these is true of an annuity

Definition1/16

there are two types of annuities including fixed and variable

Term1/16

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

Definition1/16

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

Term1/16

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

Definition1/16

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

Term1/16

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

Definition1/16

accidental death and dismemberment

Term1/16

Overworking oneself can lead to which of these problems

Definition1/16

all answers are correct

Term1/16

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

Definition1/16

15.50

Term1/16

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

Definition1/16

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

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

Term1/16

Martin works 32 hours a week for 7.50 an hour Calculate his straight time pay over a 4-week period

Definition1/16

960

Term1/16

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

Definition1/16

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

Term1/16

Is an income tax a progressive shared proportional or regressive tax

Definition1/16

progressive shared

Term1/16

Which of these employees are eligible for overtime and holiday pay

Definition1/16

hourly employees

Term1/16

Which of these equations is used to calculate straight time pay

Definition1/16

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

Term1/16

Which of these is often provided for free by the employer

Definition1/16

life insurance

Term1/16

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

Definition1/16

indirect tax

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Cards in this guide (16)

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

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 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.

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

all answers are correct

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

960

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.

Which of these is often provided for free by the employer

life insurance

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

indirect tax

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