Financial Math Vocab

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Across
  1. 5. An overtime rate that is two times the hourly rate
  2. 6. payroll or other types of checks that are directly and electronically deposited into a bank account
  3. 8. The set amount of money that a worker recieves for each item the individual produces
  4. 9. paid time off that an employer may offer to employees as an employee benefit
  5. 11. an insurance program avaliable through the US government that provides income to people who retire, become disabled, or need survivors benefits
  6. 13. the amount of social security a worker pays depends on the socail security percentage and the maximum taxable income for that year; the amount is split between the employee and the employer
  7. 14. a government program that offers benefits to eligible employees who,through no fault of their own, have become unemployed
  8. 15. the amount of medicare tax an employee pays is a set percentage of the entire income with no maximum amounts; the amount paid is split between the employee and the employer
  9. 18. one of the benefits that employers often offer to their employees in which they dont report to work and still recieved their salary
  10. 19. social and medicare taxes both fall in this category; the money that employee and employer contribute to social security and medicare is used to pay current benefits to others
  11. 24. the set number of hours that an employee is expected to work
  12. 25. Money that employees or others recieve based on sales, for example, an author or musician
  13. 27. The total pay, which is the sum of an employees hourly pay and overtime pay
  14. 29. a plan that employees to buy or recieve company stock;offered as an employee benefit
  15. 30. asistance to employees who are injured while working at their job, a program that is governed by state laws.
  16. 31. an employee benefit that allows employees paid time off to care for sick children or newborns
Down
  1. 1. The hourly rate an employee gets paid for overtime hours calculated as 1.5 times the regular hourly pay
  2. 2. a fixed period of time that most states use in an unemployment insurance formula to determine weekly benefits
  3. 3. a type of health insurance that covers all members of immediate family for health care bills to the extent outlined in the health care coverage
  4. 4. the federal act that established social security insurance
  5. 7. an agreement between an individual and a company where the individual agrees to make regular payments to the company so that if a negative event occurs, the policyholder recieves compensation
  6. 9. a type of retirement plan where an employee recieves compensation from an employer after retirement
  7. 10. The hourly rate that federal law allows as the least hourly rate to be paid to an employee in the United States
  8. 12. a type of health insurance that covers only the individual to the extent outlined in the health care coverage plan
  9. 16. a type of worker who is paid for each item the employee produces
  10. 17. a means that employees may offer as to save for retirement;these types of plans may include pensions or 401(k)
  11. 20. a set amount that an employee is paid for each hour of work
  12. 21. the hourly wage an employee recieves for any overtime hours
  13. 22. a unique, nine digit number that identifies a resident a resident of the united states; this number is used to keep track of social security taxes that are paid
  14. 23. A method of payment where an employee recieves a percentage of the amount of sales produced by that employee
  15. 26. The extra hours an employee works beyond their regular hours
  16. 28. the maximum income on which a person must pay social security tax in a given year