Paycheck Vocabulary Quiz
Authored by Melanie Gallo
Other
8th Grade
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15 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the definition of Hourly Wage?
Employees are paid a set amount for each hour that they work
Employees are paid the same amount each pay period, no matter how many hours they work
An amount of money that is withheld from your paycheck
Fees and charges imposed by governments to help pay for their programs and services
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the definition of Salary?
Employees are paid a set amount for each hour that they work
Employees are paid the same amount each pay period, no matter how many hours they work
An amount of money that is withheld from your paycheck
Fees and charges imposed by governments to help pay for their programs and services
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the definition of Deduction?
Employees are paid a set amount for each hour that they work
Employees are paid the same amount each pay period, no matter how many hours they work
An amount of money that is withheld from your paycheck
Fees and charges imposed by governments to help pay for their programs and services
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the definition of Taxes?
Employees are paid a set amount for each hour that they work
Employees are paid the same amount each pay period, no matter how many hours they work
An amount of money that is withheld from your paycheck
Fees and charges imposed by governments to help pay for their programs and services
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the purpose of Federal Income Tax?
To fund the Military/National Defense, social programs, law enforcement, and national debt
To fund Police/Fire services, Education and school maintenance, road maintenance, welfare services
To provide healthcare and insurance benefits to retirees and people with limited resources/income
To fund the social security benefits to Americans who are retired, sick, or too disabled to work
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the purpose of State Income Tax?
To fund the Military/National Defense, social programs, law enforcement, and national debt
To fund Police/Fire services, Education and school maintenance, road maintenance, welfare services
To provide healthcare and insurance benefits to retirees and people with limited resources/income
To fund the social security benefits to Americans who are retired, sick, or too disabled to work
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the purpose of FICA - Social Security tax?
To fund the Military/National Defense, social programs, law enforcement, and national debt
To fund Police/Fire services, Education and school maintenance, road maintenance, welfare services
To provide healthcare and insurance benefits to retirees and people with limited resources/income
To fund the social security benefits to Americans who are retired, sick, or too disabled to work
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