Student Led Quizziz-Payroll

Open Ended

List at least 3 different forms of income (ways to get paid by your employer). For each form of income, give 2 examples of the types of jobs or careers usually associated with it.

Multiple Choice

Which of the following is NOT a form of earned income listed in the presentation?

• Wages

• Salary

• Commission

• Interest

Open Ended

Explain how experience and skill level affect the wages an employee receives.

Multiple Select

Which states listed have a minimum wage higher than New Jersey?

• PA

• NY

• CA

• KS

Open Ended

Who are some employees that can lawfully be paid less than minimum wage according to the presentation?

Multiple Choice

John works 20 hours per week at $8.00 per hour. How much would he earn before taxes in one week?

• $160.00

• $80.00

• $200.00

• $100.00

Multiple Select

Which of the following are steps in the 4 Step Process for calculating overtime pay?

• Calculate Regular Pay

• Calculate Overtime Rate

• Calculate Overtime Pay

• Calculate Tax Deduction

Open Ended

Explain the process for calculating total pay when overtime hours are worked.

Multiple Choice

Which of the following statements best describes the difference between a wage and a salary?

• A wage is paid hourly, while a salary is a set amount for a period of time.

• A wage is paid monthly, while a salary is paid weekly.

• A salary is paid for overtime, while a wage is not.

• A wage is only for managers, while a salary is for all workers.

Multiple Choice

If you earn a 10% commission on your sales, how much will you make off $200 in sales?

• $20

• $10

• $200

• $2

Open Ended

Describe how piecework pay motivates workers differently compared to hourly wages or salaries.

Multiple Choice

What is the primary purpose of giving tips to service-related workers?

• To encourage good service

• To increase company profits

• To reduce worker salaries

• To provide health benefits

Multiple Select

Which of the following are types of bonuses?

• Incentive

• Year End Bonus

• Profit Sharing

• Health Benefits

Open Ended

Explain the difference between a bonus and a tip as forms of worker compensation.

Multiple Select

What factors determine the amount of a year-end bonus?

• Company profits

• Employee performance

• Length of time at company

• Customer tips

Multiple Choice

Which of the following is NOT typically included on a paycheck stub?

• List of deductions taken from your earnings

• Gross Pay vs. Net Pay

• Total amount earned for the pay period

• List of job responsibilities

Open Ended

Explain the difference between gross pay and net pay using the information from the slides.

Multiple Choice

Based on the paycheck example, what is the total amount deducted from I. M. Fictitious's gross earnings?

• $1,834.00

• $1,166.00

• $3,000.00

• $1,000.00

Open Ended

What are some deductions that might be taken from an employee's paycheck besides the required tax deductions?

Multiple Select

Which of the following are required tax deductions for all employees in the United States?

• Federal Income Tax

• State Income Tax

• Social Security

• Charity

Open Ended

Reflecting on today's lesson about income and taxes, what is one question you still have or one concept you would like to understand better?

Multiple Choice

What are three different forms of income that an employer might use to pay employees?

• Salary, hourly wage, commission

• Salary, tips, inheritance

• Hourly wage, allowance, lottery winnings

• Commission, gift, scholarship