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PF: Chapter 2 Review

Authored by Tyler Kraus

Business

9th - 12th Grade

Used 14+ times

PF: Chapter 2 Review
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17 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

If the regular rate of pay is $9 an hour, the typical overtime rate is $13.50 an hour.

True

False

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Employers must contribute matching amounts of Social Security and Medicare taxes into each employee's account.

True

False

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Net pay is the result when you subtract required and optional deductions from gross pay.

True

False

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Employee benefits and incentives are offered by companies to improve morale and working conditions.

True

False

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Profit-sharing is an employee benefit required of all employers.

True

False

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is not considered a required deduction?

Social Security Tax

Savings Deposits

Federal Income Tax

State Tax

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A company plan whereby employees receive a portion of the earnings of the company is called

sick pay

retirement plan

leave of absence

profit sharing

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