Unearned income is reported on your tax form and taxes must be paid on them.

Overtime is calculated at 1.5 times an employee's regular rate of pay.

Employees who are paid biweekly are paid twice a week.

Employees who are paid semi-monthly receive 26 paychecks per year.

Tax deductions are calculated as a percentage of net pay.

Federal law requires employers to pay a minimum wage.

Social security is the tax that pays for medical insurance for older adults.

Which form is used to report an employees earnings and taxes paid in a year?

By what date must employers provide, or place in the mail, a wage earner's W-2 statement?

What is the deadline for filing personal income tax?

Food stamps, rent subsidies, and vouchers for goods and services are examples of

In most circumstances, which of the following persons can be claimed as a dependent on a Form W-4? Mark all that apply.

What are the four most common taxes that come out of a person’s payroll check?

money or benefits received from the government

amount returned by the government for overpaid taxes

pay based on number of hours worked

fixed rate of pay for week, month, or year

withheld from an employee’s wages or salary

money leftover to spend after paying taxes

Income that has not been worked for such as interest, dividends, or gambling winnings

Wages, salary and tips

Pays medical and disability benefits to employees injured on the job