Test Unit 7 Part C

What is a pay stub?

• A document that shows the amount of money earned and deductions taken from a paycheck

• A form that employees fill out to declare their tax withholdings

• A document that shows the total amount of money earned before deductions

• A form that employees fill out to request time off

What is gross pay?

• The amount of money earned before any deductions are taken

• The amount of money earned after all deductions are taken

• The amount of money earned after taxes are deducted

• The amount of money earned before taxes are deducted

What is net pay?

• The amount of money earned before any deductions are taken

• The amount of money earned after all deductions are taken

• The amount of money earned after taxes are deducted

• The amount of money earned before taxes are deducted

Which of the following is included in deductions?

• Health insurance premiums

• Overtime pay

• Bonuses

• Vacation days

Which of the following is not included in net pay?

• Overtime pay

• Regular salary

• Bonuses

• Deductions

What is the purpose of a W-4 form?

• To report your income and calculate your tax liability

• To verify your eligibility to work in the United States

• To designate your beneficiaries for life insurance

• To request time off from work

Which form is used to verify your identity and employment authorization?

• W-2 form

• I-9 form

• W-9 form

• 1099 form

Which form is used to enroll in a company's health insurance plan?

• W-4 form

• I-9 form

• W-2 form

• Benefits enrollment form

Which form is used to declare your federal income tax withholding?

• W-4 form

• I-9 form

• W-2 form

• 1099 form

When asking for a raise, you should...

• Prepare evidence of your contributions to the company

• Provide detailed information on your personal finances

• Ask for 50% higher than the average market rate

• Threaten to leave the company