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| amounts, both required and optional, subtracted from gross pay |
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| Old Age, Survivors, & Disability (a type of social security tax) |
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| net pay (or take-home pay) |
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| when deductions are subtracted from gross pay, what is left is known as what? |
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| profit sharing is a way to encourage employees to do more and better work and is known as a specific type of what? |
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| a group of people working in the same or similar occupations, organized for the benefit of all, is known as what? |
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| the major function of unions is ______, which is the process of getting together with employers to negotiate an employment contract |
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| the principle of _______ states that the person who has worked the longest should be the last to be laid off |
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| professional organization |
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| The North Dakota Education Association is an example of a _________ ________, which is similar to a labor union. (In ND, teachers can't strike; labor unions have the power to strike.) |
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| an effort made to influence legislation to the advantage of a profession is known as what? |
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| gross pay (or annual pay) |
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Definition
| the total or agreed-upon rate of pay or salary is called what? |
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| a person is said to be this when he or she is entitle to an account balance when employment has ended |
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| varying working schedules among employees is known as this |
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| a technique used to train employees to be efficient in more than one specialized area |
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| when two people share what was originally a full-time position, it is called what? |
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| the crucial time during the day when all employees are needed at work |
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| If the regular rate of pay is $8, the overtime rate of pay would be what? |
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Term
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| To figure out overtime pay, you would multiply the regular rate of pay by what? |
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| If my total gross pay for the month is $3,500 and my total deductions are $450, what would be my net pay? |
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| Gross pay = net pay + what?? |
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| True or false? Income taxes and social security taxes are types of deductions that may be withheld from your paycheck without your consent. |
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| Examples of employee services for employees could be in-house daycare or reduced costs for a fitness club. (True or False?) |
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| Profit sharing is not required by employers; however, it does increase employees' initiative to worker in the company when they become part owners of the company. (True or False?) |
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| Profit sharing is not required by employers; however, it does increase employees' initiative to worker in the company when they become part owners of the company. (True or False?) |
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| False (most used is mediation) |
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Definition
| The procedure used most often to settle disputes between labor unions and employers is to go to court and sue. (True or False?) |
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Definition
| The term used by Mrs. Emineth in her presentation when she described the process used during teacher contract negotiations is called what? |
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Definition
| True or false? Lobbying is a legal activity engaged in by many unions and professional organizations. |
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Term
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Definition
Yes or No?
Are savings deposits considered required deductions? |
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| Family and Medical Leave Act |
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Definition
| What federal legislation requires employers of 50 or more employees to give 12 weeks of unpaid leave for the birth or adoption of a child? |
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Term
| False (teachers must use sick leave and have no "maternity leave") |
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Definition
| According to Mrs. Emineth, the school district allows all teachers six weeks of maternity leave. (True or False?) |
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Term
| SIX (Fed Inc Tax, State Inc Tax, SS Tax, Med Tax, Union Dues, and Credit Union) |
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Definition
| Using textbook, pg. 122, Shari Gregson has how many different deductions taken from her paycheck? |
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Definition
| Pg. 122 of text, what is total of required deductions? |
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| Using pg. 123 and 124, I earned $335 last week. I am married and am declaring 2 to withhold. How much would Oregon take out for taxes for the week? |
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| Using pp. 123-124, I earned $305 last week as my gross pay. How much should the federal gov't have taken out if I am single and declare 1? |
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| True or False? Pretend you are married and have one child. If you want the government to take out more from your paycheck declare 3 on your W-4 rather than 1. |
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| True or False? If you want the government to take out the most possible from your paycheck, declare 0 as your withholding on your W-4. |
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| When you pay into the government MORE than what you owe, the government will send you a tax refund. |
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| True or False? When you pay more into the government than you owe, you will have to write the IRS a check for at least $100 by April 15. |
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| True or False? Many people elect to have as little possible taken out of their paychecks as possible so that they can invest and/or save that money and then pay the amount they owe when they do their income taxes before April 15 each year. |
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Definition
| True or False? Many people elect to have as much possible taken out of their paychecks as possible so that they can count on having a tax refund sent to them when they do their taxes on or before April 15th. |
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