Payroll Quiz

The amount withheld from an employee's paycheck for Federal Income tax is determined by the form:

• 
  Form I-9

• 
  Form W-2

• 
  

  Form 1099

• 
  Form W-4

Following are types of Garnishment forms received and process by payroll, except one.

• 
  CHILD

• 
  LEVY

• 
  LIFE

• BANK

• 
  The amount of your take home pay is also known as

• 
  Gross pay

• Deductions

• Net pay

• Optional deductions

Flextime is another word for permanent part-time employment 

• True

• False

Annual salary refers to the amount of monthly pay to be received

• True

• False

Overtime wages are usually calculated as one and a half times the regular hourly rate

• True

• False

The right of a person hired first to be fired last is called

• Fringe benefits

• Sick leave

• Seniority

• Work incentive

•  

  The combination of the Social Security tax and the Medicare tax is often referred to by the acronym:

• FUTA

• FICA

• SUI

• FIT

The employee Federal withholding taxes (FIT) must be matched by the employer.

• True

• False

A bi-weekly employee is paid a total of             paychecks per year.

• 18

• 24

• 26

• 52