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JEOPARDY

JEOPARDY TermsSalary, Overtime & Commission Take-Home Pay Benefits & Expenses RandomsDeductions $100 $200 $300 $400 $500 Let’s play! ***

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Page 1: JEOPARDY TermsSalary, Overtime & Commission Take-Home Pay Benefits & Expenses RandomsDeductions $100 $200 $300 $400 $500 Let’s play! ***

JEOPARDY

Page 2: JEOPARDY TermsSalary, Overtime & Commission Take-Home Pay Benefits & Expenses RandomsDeductions $100 $200 $300 $400 $500 Let’s play! ***

Terms Salary, Overtime & Commission

Take-Home Pay

Benefits & Expenses

Randoms Deductions

$100 $100 $100 $100 $100 $100

$200 $200 $200 $200 $200 $200

$300 $300 $300 $300 $300 $300

$400 $400 $400 $400 $400 $400

$500 $500 $500 $500 $500 $500

Let’s play! ***

Page 3: JEOPARDY TermsSalary, Overtime & Commission Take-Home Pay Benefits & Expenses RandomsDeductions $100 $200 $300 $400 $500 Let’s play! ***

This is the total amount of money that an employee is

paid before deductions.

Back to 1$200

Answer: What is gross pay?

Page 4: JEOPARDY TermsSalary, Overtime & Commission Take-Home Pay Benefits & Expenses RandomsDeductions $100 $200 $300 $400 $500 Let’s play! ***

This is time worked beyond the regular working day of 8 hours or week of

40 hours.

Back$100

Answer: What is overtime?

Page 5: JEOPARDY TermsSalary, Overtime & Commission Take-Home Pay Benefits & Expenses RandomsDeductions $100 $200 $300 $400 $500 Let’s play! ***

This is an amount of each item sold, or it may be a percent of

the dollar value of sales.

Back to 1$300

Answer: What is commission?

Page 6: JEOPARDY TermsSalary, Overtime & Commission Take-Home Pay Benefits & Expenses RandomsDeductions $100 $200 $300 $400 $500 Let’s play! ***

These employees are paid for each usable item them produce

at work.

Back to 1$400

Answer: What is Piece-Rate?

Page 7: JEOPARDY TermsSalary, Overtime & Commission Take-Home Pay Benefits & Expenses RandomsDeductions $100 $200 $300 $400 $500 Let’s play! ***

What does FICA stand for?

Answer: What is: Federal Insurance Contributions Act?

Back to 1

$500

Page 8: JEOPARDY TermsSalary, Overtime & Commission Take-Home Pay Benefits & Expenses RandomsDeductions $100 $200 $300 $400 $500 Let’s play! ***

Back to 1

Mark works as a customer service representative and is

paid $9.10 per hour. He worked 37 hours last week. What is Mark’s gross pay?

Answer: What is $336.70?

$100

Page 9: JEOPARDY TermsSalary, Overtime & Commission Take-Home Pay Benefits & Expenses RandomsDeductions $100 $200 $300 $400 $500 Let’s play! ***

Paul’s regular pay is $9.25 an hour and time-and-a-half for any

overtime. Last week, Paul worked 44 hours. What was Paul’s gross

pay?

Answer: What is $425.48?

$300Back to 1

**DAILY DOUBLE**

Page 10: JEOPARDY TermsSalary, Overtime & Commission Take-Home Pay Benefits & Expenses RandomsDeductions $100 $200 $300 $400 $500 Let’s play! ***

Sarah earns 3% commission on every TV she sells. Each TV

sells for $329. Yesterday, Sarah sold 4 TVs. What was the total

commission Sarah earned?

Back to 1

Answer: What is $39.48?

$200

Page 11: JEOPARDY TermsSalary, Overtime & Commission Take-Home Pay Benefits & Expenses RandomsDeductions $100 $200 $300 $400 $500 Let’s play! ***

***DAILY DOUBLE*** Tiffany works in sales and is paid

$10.25 an hour and double time for overtime. She worked 52 hours last

week. What was Tiffany’s total gross pay?

$400 Back to 1

Answer: What is $656.00?

Page 12: JEOPARDY TermsSalary, Overtime & Commission Take-Home Pay Benefits & Expenses RandomsDeductions $100 $200 $300 $400 $500 Let’s play! ***

Gene receives a salary of $440 per week plus 18% commission on all sales over $2,800. Gene’s total sales last week were $5,500. What were Gene’s gross earnings for last

week?

Answer: What is $926.00?

$500 Back to 1

Page 13: JEOPARDY TermsSalary, Overtime & Commission Take-Home Pay Benefits & Expenses RandomsDeductions $100 $200 $300 $400 $500 Let’s play! ***

What is the difference between gross pay and take-home pay/net pay?

Answer: What is deductions and expenses are taken out?

$100Back to 1

Page 14: JEOPARDY TermsSalary, Overtime & Commission Take-Home Pay Benefits & Expenses RandomsDeductions $100 $200 $300 $400 $500 Let’s play! ***

What is the difference between a raise and a promotion?

Answer: What is a promotion has added job responsibilities?

$200 Back to 1

Page 15: JEOPARDY TermsSalary, Overtime & Commission Take-Home Pay Benefits & Expenses RandomsDeductions $100 $200 $300 $400 $500 Let’s play! ***

Linda’s monthly gross pay is $2,750. Out of those wages, $62 in Federal Income taxes, $ 97 in FICA taxes and $85 in

health insurance were deducted. Find the percentage of gross pay that Linda takes

home to the nearest percent.

Answer: What is a 91%?

$300 Back to 1

Page 16: JEOPARDY TermsSalary, Overtime & Commission Take-Home Pay Benefits & Expenses RandomsDeductions $100 $200 $300 $400 $500 Let’s play! ***

Rob earns $3,750 per month. From those wages, $312 in federal income

tax, $245.25 in Social Security, $59 in Medicare, $104 is state income taxes,

and $23.75 in health insurance are deducted. Find the percentage of

gross pay that Rob takes home to the nearest percent.

Answer: What is 80%?

$400 Back to 1

Page 17: JEOPARDY TermsSalary, Overtime & Commission Take-Home Pay Benefits & Expenses RandomsDeductions $100 $200 $300 $400 $500 Let’s play! ***

George earns $482 per week. He is given a 12% raise. He is a single taxpayer who claims zero

withholding allowances. Federal income and FICA taxes are deducted from his wages. How much did his gross wages increase? How much did his net

pay increase?

Answer: What is $57.84 and $46.41?

$500 Back to 1

Page 18: JEOPARDY TermsSalary, Overtime & Commission Take-Home Pay Benefits & Expenses RandomsDeductions $100 $200 $300 $400 $500 Let’s play! ***

What is one example of a job benefit?

Answer: What is health insurance, vacation time, parking, dental insurance?

$100 Back to 1

Page 19: JEOPARDY TermsSalary, Overtime & Commission Take-Home Pay Benefits & Expenses RandomsDeductions $100 $200 $300 $400 $500 Let’s play! ***

How do you calculate total job benefits?

Answer: What is add total benefits to gross pay?

$200 Back to 1

Page 20: JEOPARDY TermsSalary, Overtime & Commission Take-Home Pay Benefits & Expenses RandomsDeductions $100 $200 $300 $400 $500 Let’s play! ***

***DAILY DOUBLE***Kirby is a manager. Last year Kirby earned gross pay of $34,800 and these benefits: paid pension $2,784; health insurance, $1,892; paid vacation, $1,338; paid holidays, $2,007; and free parking, $425. What total job benefits did Kirby receive last year?

$300 Back to 1

Answer: What is $43,246?

Page 21: JEOPARDY TermsSalary, Overtime & Commission Take-Home Pay Benefits & Expenses RandomsDeductions $100 $200 $300 $400 $500 Let’s play! ***

Kelly had total job benefits of $32,620. Her job expenses were

$1,410 for commuting, $125 for a license and $85 for professional dues.

Find Kelly’s net job benefits.

Answer: What is $31,000?

$400 Back to 1

Page 22: JEOPARDY TermsSalary, Overtime & Commission Take-Home Pay Benefits & Expenses RandomsDeductions $100 $200 $300 $400 $500 Let’s play! ***

Refer to Ditto!

$500 Back to 1

Answer: What is Job #2 has greater net yearly job benefits by $3,024.48?

Page 23: JEOPARDY TermsSalary, Overtime & Commission Take-Home Pay Benefits & Expenses RandomsDeductions $100 $200 $300 $400 $500 Let’s play! ***

How many full working weeks are in a year?

$100Back to 1

Answer: What is52?

Page 24: JEOPARDY TermsSalary, Overtime & Commission Take-Home Pay Benefits & Expenses RandomsDeductions $100 $200 $300 $400 $500 Let’s play! ***

You earn an annual salary of $34,700. How much do you

make bi-weekly?

$200 Back to 1

Answer: What is $1,334.61?

Page 25: JEOPARDY TermsSalary, Overtime & Commission Take-Home Pay Benefits & Expenses RandomsDeductions $100 $200 $300 $400 $500 Let’s play! ***

What the difference between a fringe benefit and an employee

benefit?

$300 Back to 1

Answer: What is NOTHING, they are the same?

Page 26: JEOPARDY TermsSalary, Overtime & Commission Take-Home Pay Benefits & Expenses RandomsDeductions $100 $200 $300 $400 $500 Let’s play! ***

What two facts do you need about a taxpayer to calculate their federal

income tax amount?

$400 Back to 1

Answer: What are: (1) Marital Status, (2) Number of withholding allowances

Page 27: JEOPARDY TermsSalary, Overtime & Commission Take-Home Pay Benefits & Expenses RandomsDeductions $100 $200 $300 $400 $500 Let’s play! ***

What is the difference between total job benefits and net job

benefits?

$500 Back to 1

Answer: What is total job benefits is gross pay + benefits, net job benefits is total job benefits - expenses?

Page 28: JEOPARDY TermsSalary, Overtime & Commission Take-Home Pay Benefits & Expenses RandomsDeductions $100 $200 $300 $400 $500 Let’s play! ***

What is an example of a deduction?

$100 Back to 1

Answer: What is FICA taxes, Federal Income Taxes, State taxes?

Page 29: JEOPARDY TermsSalary, Overtime & Commission Take-Home Pay Benefits & Expenses RandomsDeductions $100 $200 $300 $400 $500 Let’s play! ***

This is the overall FICA tax rate.

$200 Back to 1

Answer: Who is 7.65%?

Page 30: JEOPARDY TermsSalary, Overtime & Commission Take-Home Pay Benefits & Expenses RandomsDeductions $100 $200 $300 $400 $500 Let’s play! ***

Calculate the social security tax amount and Medicare tax amount on

$375.88

$300 Back to 1

Answer: What is $5.45-Medicare and $23.30-Social Security?

Page 31: JEOPARDY TermsSalary, Overtime & Commission Take-Home Pay Benefits & Expenses RandomsDeductions $100 $200 $300 $400 $500 Let’s play! ***

$400 Back to 1

Answer: What is subtract deductions from gross pay

How do you calculate net pay?

Page 32: JEOPARDY TermsSalary, Overtime & Commission Take-Home Pay Benefits & Expenses RandomsDeductions $100 $200 $300 $400 $500 Let’s play! ***

Jay earned gross pay of $410 last week. From his gross pay, the following were subtracted: federal withholding tax, $37; Social Security

tax, 6.2%; Medicare taxes, 1.45%; health insurance, $34.88; and $40 for his savings plan.

Find Jay’s net pay?

$500 Back to 1

Answer: What is $266.76?

Page 33: JEOPARDY TermsSalary, Overtime & Commission Take-Home Pay Benefits & Expenses RandomsDeductions $100 $200 $300 $400 $500 Let’s play! ***

FINAL JEOPARDY!!!