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Paychek part 1

Authored by Stephen Sargent

8th - 12th Grade

Used 7+ times

Paychek part 1
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20 questions

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1.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

A direct deposit occurs when an employer electronically transfers the worker’s pay into the worker’s designated bank account on payday; the worker does not receive a paper paycheck.

Fact

Fiction

2.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

From each paycheck, 6.2% of a worker’s gross pay is withheld for Social Security (retirement and disability benefits) and 1.45% is withheld for Medicare (health care for those over 65).

Fact

Fiction

3.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

If an employee earns $10 per hour and works 40 hours, his or her net pay is $400

Fact

Fiction

4.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

A worker submits a W-4 form to adjust the amount of federal tax withheld from his or her paycheck. This is one way to help ensure the correct amount of federal tax is paid

Fact

Fiction

5.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Base pay is a worker’s normal hourly or annual wage plus overtime pay and bonuses.

Fact

Fiction

6.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

A pay stub is a document that many employers provide to workers each pay period. It typically lists the worker’s current and year-to-date gross pay, taxes, deductions, net pay, and hours.

Fact

Fiction

7.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

All U.S. employers must issue paychecks to workers each week

Fact

Fiction

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