Paychecks

Financial: Paychecks

Multiple Choice

Which form when getting a job is used to prove the identity of people and avoid hiring non United States citizens?

• Form W-2

• Form I-9

• Form W-4

• Taxes

Multiple Choice

Which form when getting a job determines the employee's withholding allowance certificate and determines the amount of money withheld for taxes?

• Form W-2

• Form I-9

• Form W-4

• Taxes

Multiple Choice

Which form when getting a job states the amount of money earned and taxes paid throughout the previous year and is used to file income taxes by April 15th?

• Form W-2

• Form I-9

• Form W-4

• Taxes

Multiple Choice

Which payment method is the least secure and the employee is responsible for getting it to the bank?

• Gross Income

• Paycheck

• Direct Deposit

• Payroll Card

Multiple Choice

True/False: People should have at least six months worth of their monthly expenses saved in the bank for emergencies.

• True

• False

Multiple Choice

Which payment method allows employers a direct way of depositing employee's paycheck into the authorized employee's bank account?

• Gross Income

• Paycheck

• Direct Deposit

• Payroll Card

Multiple Choice

What is card that electronically carries the balance of the employee's net income?

• Gross Income

• Paycheck

• Direct Deposit

• Payroll Card

Multiple Choice

What is the total amount of money earned before payroll withholdings?

• Gross Income

• Payroll Withholdings

• Net Income

• Pay Period

Multiple Choice

What is the "take home" pay, the amount left after all payroll deductions have been taken from a person's pay?

• Gross Income

• Payroll Withholdings

• Net Income

• Pay Period

Multiple Choice

What is the length of time for which an employee's wages are calculated?

• Gross Income

• Payroll Withholdings

• Net Income

• Pay Period

Multiple Choice

What is the amount of money subtracted from the gross income for taxes?

• Gross Income

• Payroll Withholdings

• Net Income

• Pay Period