Employment and Benefits Vocabulary 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 benefits in the context of employment?

• Value-added options that an employer may choose to offer employees; typically, benefits are in the forms of insurance (health, life, and disability), 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 business that has lists of job openings and charges a fee to find jobs for people.

• A type of health insurance that covers all members of the immediate family for health care bills to the extent outlines in the health care coverage plan.

What is the frequency of biweekly pay?

• Every two weeks.

• Once a month.

• Once a week.

• Twice a month.

What is childcare leave?

• 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.

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

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

What is an employment agency?

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

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

• The federal act that established Social Security insurance.

• A type of health insurance that covers all members of the immediate family for health care bills to the extent outlines in the health care coverage plan.

What is family health care?

• 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 type of health insurance that covers all members of the immediate family for health care bills to the extent outlines in the health care coverage plan.

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

What is the Federal Insurance Contributions Act (FICA)?

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

• The federal act that established Social Security insurance.

• When the employer, instead of the employee, pays the fee to an employment agency.

• Social Security and Medicare taxes both fall in this category; the money that an employee and employer contribute to Social Security and Medicare is used to pay current benefits to others.

What is a fee paid?

• 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.

• When the employer, instead of the employee, pays the fee to an employment agency.

What is Form W-4?

• 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 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.

What does the term 'Gross Pay' refer to?

• The total pay an employee receives after deducting taxes

• The amount of money an employee earns before any deductions

• The amount of money an employee earns after deducting taxes

• The total pay an employee receives after deducting insurance premiums