WorkKeys Practice Test

The Wage and Tax Statement is the document an employer is required to send to each employee and the Internal Revenue Service (IRS) at the end of the year. It reports employees' annual wages and the amount of taxes withheld from their paychecks.

• Branding

• W2

• W4

• Paycheck

Occurs when one party in a binding agreement fails to deliver according to the terms of the agreement.

• Mission statement

• Breach of contract

• Code of ethics

• Policy

A legal procedure requiring a portion of a debtor’s pay to be set aside by the person’s employer to pay creditors.

• Workers compensation

• Unemployment insurance

• Garnishment of wages

• Protocol

The state of keeping secret or not disclosing information.

• Risk management

• Implementing

• Confidentiality

• Compensation

Putting into use or practice.

• Confidentiality

• Implementing

• Termination

• Risk management

A short informal message or record used for internal communication in a business.

• Memo

• Letter

• Post-it

• Clerk

The total cash and non-cash payments that given to an employee in exchange for the work they do for their employer.

• Implementing

• Confidentiality

• Mission Statement

• Compensation

The total amount of an employee's earnings before deductions are taken out.

• Net pay

• Territory

• Micromanager

• Gross Pay

An amount of money that is taken by an employer from an employee's pay such as federal, state, and local taxes, health insurance premiums, and job-related expenses.

• Territory

• Disclaimer

• Termination

• Deductions

The end of an employee's work with a company may be voluntary, as when a worker leaves of their own accord, or involuntary, in the case of a company downsize or layoff, or fired.

• Implementing

• Territory

• Termination

• Deductions