Employment and Benefits Quiz

What is the definition of direct deposit?

• A method of payment where an employee receives a percentage of the amount of sales produced by that employee.

• Payroll or other types of checks that are directly and electronically deposited into a bank account.

• The amount that a charge, cost, or fee is lowered.

• An overtime rate that is two times the hourly rate.

What are employee benefits?

• Value-added options that an employer may choose to offer employees; typically, benefits are in the forms of insurance, paid vacation time, paid holiday time, retirement plans, stock ownership plans, and childcare leave.

• A type of health insurance that covers all members of the immediate family for health care bills.

• A fixed period of time that most states use in an unemployment insurance formula to determine weekly benefits.

• A form that is filled out by a new employee that gives directions to the government on how much money in taxes to deduct from that employee's pay.

What is the definition of biweekly?

• Every two weeks.

• An employee benefit that allows employees paid time off to care for sick children or newborns.

• A business that has lists of job openings and charges a fee to find jobs for people.

• A type of health insurance that covers only the individual to the extent outlined in the health care coverage plan.

What is the purpose of an employment agency?

• A method of payment where an employee receives a percentage of the amount of sales produced by that employee.

• Payroll or other types of checks that are directly and electronically deposited into a bank account.

• A business that has lists of job openings and charges a fee to find jobs for people.

• The amount that a charge, cost, or fee is lowered.

What is the definition of individual health care insurance?

• A type of health insurance that covers all members of the immediate family for health care bills.

• Value-added options that an employer may choose to offer employees; typically, benefits are in the forms of insurance, paid vacation time, paid holiday time, retirement plans, stock ownership plans, and childcare leave.

• A fixed period of time that most states use in an unemployment insurance formula to determine weekly benefits.

• A type of health insurance that covers only the individual to the extent outlined in the health care coverage plan.

What is the maximum taxable income for Social Security tax in a given year?

• The maximum income on which a person must pay Social Security tax in a given year.

• The amount of Medicare tax an employee pays is a set percentage of their entire income with no maximum amounts; the amount paid is split between the employee and the employer.

• The hourly rate that federal law allows as the lowest hourly rate to be paid to an employee in the United States.

• The hourly wage an employee receives for any overtime hours.

What is the definition of paid vacation time?

• Paid time off to care for sick children or newborns.

• Paid time off for holidays that an employer may offer to employees as an employee benefit.

• Paid time off that an employer may offer to employees as an employee benefit.

• A type of retirement plan where an employee receives compensation from an employer after retirement.

What is the definition of retirement plans?

• A type of health insurance that covers only the individual to the extent outlined in the health care coverage plan.

• A means that employers may offer a way to save for retirement; these types of plan may include pensions or 410(K)s.

• A set amount that an employee is paid for each hour of work.

• The total pay, which is the sum of an employee's hourly pay and overtime pay.

What is the definition of time-and-a-half overtime hourly rate?

• The hourly rate that federal law allows as the lowest hourly rate to be paid to an employee in the United States.

• The extra hours an employee works beyond their regular hours.

• The hourly wage an employee receives for any overtime hours.

• The set amount of money that a worker receives for each item produced.

What is the purpose of worker's compensation?

• A government program that offers benefits to eligible employees who, through no fault of their own, have become unemployed.

• Assistance to employees who are injured while working at their job. A program that is governed by state laws.

• A type of worker who is paid for each item the employee produces.

• The set number of hours that an employee is expected to work.