Payroll Quiz

What is the definition of 'Employee'?

• An individual who is a recipient of interest

• An individual who is a recipient of bonuses

• An individual who is a recipient of salaries or wages

• An individual who is a recipient of dividends

What is the total amount paid to employees for services provided during a period called?

• Gross pay

• Bonus pay

• Net pay

• Overtime pay

What is the term used for the total earnings of an employee for a payroll period before taxes and other deductions are taken out?

• Gross pay

• Bonus pay

• Overtime pay

• Net pay

What is the term used for the amount to be paid to the employee after deducting payroll deductions from the gross pay?

• Bonus pay

• Net pay

• Gross pay

• Overtime pay

What is the program that aims to provide medical care to residents of the country in an evolutionary way within the economic means and capability as a nation?

• National Health Insurance Program (NHIP)

• Employees' Compensation (EC) Program

• Social Security System (SSS)

• Pag-IBIG Fund

What is the term used for the benefits provided by the Employees' Compensation (EC) Program for work-related sickness or injury resulting in disability or death?

• All of the above

• Income cash benefit

• Rehabilitation services

• Medical services and supplies

What is the term used for the contributions based on the compensation of the member and payable under the Social Security Benefits program?

• 3.36%

• 5.04%

• 8.4%

• 2.75%

What is the term used for the form designed to help the employer meet various reporting requirements for each employee?

• Check

• Employee Earnings Record

• ATM

• Pay Slip

What is the key internal control for payroll to prevent misappropriation of cash and unauthorized labor payments?

• Hiring employees criteria

• Recording amounts at the proper amounts

• Maintaining updated personnel records

• Segregation of duties

Whose logo is this?