Chapter 3 Test Review

Chapter 3 Test Review

9th - 12th Grade

24 Qs

quiz-placeholder

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Chapter 3 Test Review

Chapter 3 Test Review

Assessment

Quiz

Business

9th - 12th Grade

Practice Problem

Easy

Created by

Jaleel Nelson

Used 15+ times

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24 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Earned Income is money given to you as gifts and donations

True

False

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Minimum wage is 

 

set rate for all states

 

is the lowest wage an employer can pay by law

 

is made up of varying rates, but usually starts off at 9.75 per hour.

 

is paid to anyone that does not have a degree

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What does the Internal Revenue Services use for your taxpayer identification number?

 

Your Drivers License number

 

Your date of birth

 

Your initials and date of birth

  

Your Social Security Number

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the name for payment work that is expressed as an annual figure?

Salary

 

Piece work

Commission

Hourly wages

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

You can double your money in a retirement fund?

True

False

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which one is not an example of an employee benefit?

 

Sick Leave

 

State taxes

 

Paid vacation time

 

Life or health insurance

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

If you are self employed you  will pay both employee share and employer share of FICA taxes.

True

False

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