Quiz Chapter 6

1. A standard workweek is

• 36 hours
• 48 hours
• 40 hours
• 32 hours

 Rate X Hours Worked = 

• Gross Pay
• Net Pay
• Incentive Pay
• Overtime Pay

 If you are a salaried worker

•  you will probably be paid twice per year
• your overtime pay rate is higher than that of an hourly worker
• no deductions will be taken from your paycheck
• your gross pay is the same as your salary

Self-employed people must make estimated tax payments 

• weekly
• quarterly
• monthly
• yearly

Which of the following benefits are employers required by law to provide? 

• Child Care
• Worker's Compensation
• Paid Vacations
• All of the above

A type of incentive pay based on quality of work done or years of service on the job is called a 

• Bonus
• Stock Option
• Profit Sharing Plan
• Pension Plan

A work schedule that fits the normal 40-hour workweek into less than five days is called 

• job sharing
• job rotation
• flextime
• a compressed work week

Overtime pay is not considered when you calculate your gross pay

• True
• False

Employers must pay all employees overtime at the rate of 1 1/2 times the regular rate.

• True
• False

The main function of a labor union is to provide support services for members.

• True
• False