1. .......... pay is what an employee earns before deductions.

2. .......... pay is what an employee actually receives after deductions.

3. An employee who is paid on .......... receives the same pay each pay period no matter how many hours they work.

4. In the USA working over 40 hours per week is considered overtime. For each hour of overtime in the USA you receive your hourly .......... multiplied time 1 1/2.

5. The rates for overtime in the USA are generally known as .......... .

6. Federal taxes and Social Security are both examples of standard .......... from your paycheck.

7. In order to cash a check you must .......... it, or in other words sign the back.

8. You record how much each of your employees should be paid in the .......... account.

9. An .......... check is one that you have written and deducted from your checkbook balance but has not yet cleared the bank.

10. Books are all closed at the end of an accounting period. A more common term for an accounting period is a .......... period.