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Match the following terms with their definitions. 2 6 times a year May be used in calculating Social Security and Medicare Pay rate based on
Match the following terms with their definitions.
times a year
May be used in calculating Social Security and Medicare
Pay rate based on schedule of units completed
Aids in determining amount of FIT withheld
times a year
Minimum wage standard
Broken down into Social Security and Medicare
Aids unemployment program
Income tax
Wages before deductions
Wages subject to tax
Gross pay minus deductions
Commission to manager
Method to calculate FIT
times a year
Affected by companys employment record
Wages based on percent of the value of goods sold
Different levels result in different commission scales
Alternative method to percentage method
These are the options I have below:
Biweekly
Gross pay
Piece rate
Withholding allowance
Weekly
Federal minimum wage
FICA tax
FUTA tax
Federal Income Tax FIT
Gross pay
Taxable wages
Net pay
Bonus
Percentage method
Semimonthly
Unemployment tax rate
Commission
Commission tiers
Wagebracket method
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