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W-2 & W-4 Quiz

Authored by Valerie E. Harris

Life Skills

11th Grade

W-2 & W-4 Quiz
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13 questions

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1.

MULTIPLE SELECT QUESTION

30 sec • 1 pt

Which of the following are government-funded health insurance?

PPO

Medicare

Medicaid

HMO

2.

MULTIPLE SELECT QUESTION

30 sec • 1 pt

What are the four most common taxes that come out of a person’s payroll check?

Federal Income Tax

State Income Tax

City/Local Income Tax

Medicare Tax

Social Security

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

True or False: A pension is a retirement plan that requires an employer to make contributions to a pool of funds set aside for a worker's future benefit.

True

False

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The maximum amount you may borrow on a credit card is known as:

creditworthiness
credit report
credit limit
variable rate of credit

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

The number in the bottom left corner of the check is called:

Account number
Check number
Routing number
Memo line

6.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

When getting a loan for a car, the ____ is an additional fee you will have to pay back.

Fixed Expense
Discretionary Expense
Inflation
Interest

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

The number in the bottom middle of the check is called:

Account number
Check number
Routing number
Memo line

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