Work Number

Work Number

Professional Development

9 Qs

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Work Number

Work Number

Assessment

Quiz

Professional Development

Professional Development

Practice Problem

Medium

Created by

Silvia Rodríguez

Used 6+ times

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9 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

When using the Work Number, what date will be used in our notes?

The period end date of the oldest pay period shown

The "current as of" date

The pay date of the oldest pay period used for calculations

The pay date of the most recent paystub shown

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

If the average hours are shown:

An hourly calc must be shown

An hourly calc will never be shown

Additional information is required

Paystubs are needed

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Less than 2 pay periods shown on The Work Number verification are acceptable to run income calculations for ICs

True

False

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

When using The Work Number, gaps in pay are permitted

True

False

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Large variations in pay:

Must be addressed in writing by the employer

Will never be addressed

Must be addressed with the applicant

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

If prior's YTD income is higher than the current YTD annualized income:

Paystubs are required

Nothing further is needed

Discrepancy must be addressed

7.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

The true start date of the fiscal year can be found by

Adding one day to the pay date of the first pay period shown for the current calendar year

Using the pay date of the last period for the previous calendar year

Adding one day to the pay period end date of the last pay period shown for the previous calendar year

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